Calello makes it to Credit Suisse executive board

Appointment represents importance of Asia-Pacific to the group.

In a vote of confidence for CSFB's Asian business, Paul Calello, chairman and CEO of the bank in Asia-Pacific has been appointed to the Credit Suisse's 14-member executive board. He will be the only regionally-specific member of the executive committee.

His ascension ostensibly follows a global restructuring announced last month. This will see the Credit Suisse group formally split into three operating units a Swiss-based global corporate, retail and private banking arm via Credit Suisse...

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