Credit Suisse appoints new head of wealth management

In addition to the appointment of Francesco De Ferrari, the bank also announces a new structure of its board of directors

Francesco De Ferrari has been appointed new head of asset management at Credit Suisse from January 1, 2022. The big bank also announces a new structure for its board of directors with the objective of optimizing efficiency and governance of the boards of directors of its subsidiaries, according to a press release published on Monday.

For his part, André Helfenstein becomes Managing Director of the Switzerland region. Other appointments followed with Christian Meissner, current head of the investment banking division who will also be managing the Americas region, and Helman Sitohang, who will be responsible for the Asia-Pacific region (Apac). Mark Hannam will take on the role of Head of Internal Audit. Ulrich Körner will remain at the head of asset management.

As of January 1, the group will be divided into four business divisions — Wealth Management, Investment Bank, Swiss Bank and Asset Management — and into four geographic regions Europe, Middle East and Africa (Emea), Americas, Switzerland and Apac.

Philipp Wehle, Head of International Wealth Management (IWM) since 2019, will become CFO of the Wealth Management division and head of “Client Segment Management Global Wealth”.

Following the new creation of two international divisions (Wealth Management and Investment Bank) and the pursuit of the objective of simplifying the structure, Credit Suisse decided that parts of the organization “Sustainability, Research & Investment Solutions” (SRI ) would be integrated into global business divisions.