Credit Suisse unveils new wealth management structure with Huber COO

The logo of Swiss bank Credit Suisse is seen at a branch in Zurich, Switzerland November 3, 2021. REUTERS/Arnd WIegmann/File Photo

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ZURICH, Jan 31 (Reuters) – The new head of Credit Suisse’s Wealth Management division (CSGN.S), Francesco De Ferrari, has implemented a new structure from March 1 that reorganizes its business areas for the Europe and Latin America and appoints Christian Huber as Chief Operating Officer. .

De Ferrari was named CEO of the Swiss bank’s wealth management business in December. This followed Credit Suisse‘s plans to shift to wealth management and rein in investment banking. Read more

Huber is now Chief Operating Officer of the Swiss private bank.

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Robert Cielen will lead the Europe business unit combining Europe and Emerging Europe, and Marcello Chilov will lead Latin America, combining Latin America and Brazil, the bank announced on Monday.

Cielen had led the Emerging Europe business before becoming head of Europe in 2020.

Michael Strobaek, Global Chief Investment Officer, will also assume the role of Head of Sustainability for the Wealth Management division.

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Reporting by Oliver Hirt, writing by Michael Shields, editing by Jane Merriman

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