Credit Suisse expands Private Banking team in Asia Pacific

Credit Suisse today announced new management appointments in the Private Banking division for Asia Pacific that will accelerate the bank’s expansion in the region’s wealth markets and further strengthen its client servicing and advisory capabilities.

Dr François Monnet is joining Credit Suisse as a Managing Director and Head of Private Banking Southeast Asia and Australasia effective September 1. Based in Singapore, Mr Monnet will focus on further building up Credit Suisse’s established franchise across Southeast Asia, and growing the bank’s domestic presence in its regional hub Singapore as well as its newly set up operations in Australia and Indonesia. Mr Monnet joins Credit Suisse from UBS where he headed the offshore private client business segment in Asia Pacific, with an additional focus on the Singapore domestic market.

Mr Marcel Kreis, Head of Private Banking for Asia Pacific said, “François has substantial experience in business development in the financial and consumer industries across Asia Pacific and Europe and will drive the expansion of Credit Suisse’s Private Banking business in Southeast Asia and Australasia. We also continue to strengthen our Investment Consulting, Sales Management and Product functions in the region to enhance our advisory and product capabilities and offer more effective and efficient support to our Relationship Managers and clients.”

Mr Stefan Mueller is appointed Head of Sales Management Asia Pacific effective September 1, and will be in charge of establishing and implementing an effective product and investment solutions process for Relationship Managers and all product areas in the Bank as well as third party providers. Mr Mueller joins from UBS Wealth Management in Singapore where he was Executive Director and Head of Investment Solutions Asia - Non Traditional Asset Classes, having worked with the bank for 10 years in Switzerland, Hong Kong and Singapore.

In addition, Mr Christian Senn is appointed Head of Investment Consulting effective August 1. In his new role based in Singapore, Mr Senn will be heading a team of investment consultants specially dedicated to the ultra high net worth client segment. He was previously Head of Active Advisory for UBS Wealth Management in Singapore. Prior to that, he had spent 19 years with Credit Suisse in the Private Banking business in different locations across Europe and the Americas.

In Hong Kong, Mr Lionel Kwok has joined Credit Suisse as Head of Products for Private Banking North Asia. In this role, Mr Kwok oversees the products and Investment Consulting teams and provides a strong product infrastructure that enables Relationship Managers to offer comprehensive and integrated financial solutions for clients’ private and corporate assets. Previously the Head of Global Markets Asia at Fortis Bank, Mr Kwok has more than 20 years experience in the investment banking and investment industry in New York, London and Hong Kong.

Mr Philippe Clémençon has also been appointed Chief Operating Officer for Private Banking in Asia Pacific, relocating from Credit Suisse in Zurich to Singapore. In addition to his position as COO, Mr Clémençon will also play a central role in the development, coordination and execution of the Private Banking Asia Pacific business strategy. Mr Clémençon was previously Global Head of Business Controlling for Credit Suisse’s Private Banking division.

Mr Kreis added, “In Asia Pacific, we are focused on advancing Credit Suisse’s position as a leading private bank in the region, providing world-class, discerning products and services to meet the increasingly complex and sophisticated needs of our clients. People are a key component in Credit Suisse’s growth plans and we offer a compelling client value proposition to attract and retain the top talent. We also put great emphasis on human capital portfolio management with targeted measures to develop and retain top talent. A key element of this is our Business School which provides a global learning platform with customized training programs for Private Banking employees. In 2006, the Business School provided Private Banking training to a cumulative total of more than 4,100 employees though 459 programs.”
Enquiries:

* Edna Lam, Credit Suisse Corporate Communications, Tel. +65 6212 6702, edna.lam@credit-suisse.com
* Lee Meng Gan, Credit Suisse Corporate Communications, Tel. +65 6212 6472, leemeng.gan@credit-suisse.com