Ng has left Credit Suisse to pursue other opportunities.
Neumann, who joined the Swiss company on 1 Sept, had been with UBS, where he had been responsible for its UHNWI business in Germany.
Before that, he spent “a major part of his career” in the Asia Pacific region, according to the bank’s internal memo announcing his appointment. It added that Neumann’s “in-depth knowledge of the private banking industry” and other skills were expected to benefit the company’s EAM business and presence in the local market.
Credit Suisse’s EAM business is one of the world’s largest, with more than CHF90bn ($96.3bn, £61.3bn) under management.
As part of Credit Suisse’s so-called ‘One-Bank-Strategy’, the bank also offers its EAM clients investment banking and asset management advice and products through its own integrated platform.