C Suisse said to have raised banker pay by 15-20% here

It's not all doom and gloom.

Bloomberg News reports that Credit Suisse raised some of its senior Asia-Pacific investment bankers’ pay last year by as much as 15% after the firm boosted advisory revenues in the region, according to people familiar with the matter.

Average total 2016 compensation, including bonuses, for high-performing managing directors at the bank was between $1 million to $1.5 million, said the people, who asked not to be identified because the details are confidential.

Analysts and associates focusing on the advisory and underwriting business in Asia on average received about a 20% increase, they said.

For the fourth quarter, revenue at the Asia-Pacific advisory business jumped 44 percent, compared with an overall 12 percent drop in regional investment-banking revenue that was fueled by a slump in fixed-income sales and trading.

Hit the link below to access the complete Bloomberg News article:

Credit Suisse Boosts Senior Asia Banker Pay by Up to 15%

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