Top bankers 'leaving US for Asia'

The number of high-flying investment bankers moving from the US to Asia is set to increase, experts have said, as a result of the credit crunch.

A senior Credit Suisse executive is the latest in a string of "dealmakers" to relocate from New York to Hong Kong.

Big takeover deals are scarce in the US and Europe as the credit squeeze has made it hard for firms to source funds.

But corporate activity has remained buoyant in Asia, driven by Chinese firms and foreign private equity.

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http://news.bbc.co.uk/2/hi/business/7410501.stm


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