UPDATE 1-DBS hires ex-C.Suisse exec as Asia credit trading head

* Kenny Chong to head unit trading Asian high yield bonds

* Hiring sign of Asia banks picking talent from foreign banks

* Nomura's new head of Asia rate research from Barclays

(adds detail, background)

By Saeed Azhar

SINGAPORE, July 6 (Reuters) - Singapore's DBS Group (DBSM.SI: Quote, Profile, Research) has hired a high profile credit trader from Credit Suisse (CSGN.VX: Quote, Profile, Research) to head its unit that would trade Asian high yield bonds.

Kenny Chong has joined DBS as managing director and head of Asian high yield and corporate flow trading, a bank spokeswoman said in an email on Monday. Flow traders buy and sell products on the financial markets for the bank's clients.

Chong left Credit Suisse in December. He worked for the Swiss bank as managing director and head of a team that traded high yield bonds and credit derivatives in Asia ex-Japan, sources said.

"He will help us in expanding the Asian fixed income business and facilitate client flow business," DBS said.