Credit Suisse to acquire a 49% stake of Credit Suisse Securities China from Founder Securities for $160m.

Credit Suisse, a global investment bank and financial services firm founded and based in Switzerland, agreed to acquire a 49% stake of Credit Suisse Securities China, a securities joint venture established by Credit Suisse and Founder Securities, from Founder Securities, a Chinese company that engages in the consulting, distribution, brokerage, and management of securities business, for $160m. “Credit Suisse sees China as more than a growth market with immense potential, but also a place that offers opportunities for collaboration and mutual benefits,” Carsten Stoehr, Credit Suisse Greater China CEO.