CSFB’s successful try

Hong Kong’s premier sporting event, the Rugby Sevens, solved its sponsorship quandary last month. Credit Suisse First Boston has taken over the role from the now bankrupt Peregrine.

It is a relief for rugby fans in Hong Kong who feared the worst when Peregrine went bust in January. It is also a sign of CSFB’s renewed commitment to the territory, where it now has 360 staff and has recently bought a sizeable chunk of BZW Asia.