DBS taps ex-C.Suisse exec as head of Asia credit trading

SINGAPORE, July 6 (Reuters) - Singapore's DBS Group (DBSM.SI) has hired a high-profile former trader from Credit Suisse (CSGN.VX) to head its unit that will trade Asian high-yield debt.

Kenny Chong joined DBS, Southeast Asia's biggest bank, as managing director and head of Asian high yield and corporate flow trading, a bank spokeswoman said in an email.

Flow traders buy and sell products on the financial markets for the bank's clients.

Chong last worked at Credit Suisse as managing director and head of credit trading Asia ex-Japan, two sources told Reuters. His team traded high-yield bonds and credit derivatives in Asia ex-Japan. "He will help us in expanding the Asian fixed-income business and facilitate client flow business," DBS said. (Reporting by Saeed Azhar; Editing by Muralikumar Anantharaman)