Alex Ng, market group head for China, is leaving Credit Suisse, a source told finews.com. The person said that Ng's departure also includes a group of bankers, although the list could not be fully confirmed.

A Credit Suisse spokesperson declined to comment on the matter. Ng is a heavyweight who joined Credit Suisse in 2008 from UBS as China market head of private banking. Previously, he had been UBS' China country team head from 2005 until 2008.