credit-suisse-appoints-nargolwala-as-asiapacific-ceo

Credit Suisse appoints Nargolwala as Asia-Pacific CEO

Currently a member of the Standard Chartered board, Kai Nargolwala will succeed Paul Calello in January 2008.
Credit Suisse has hired Kai Nargolwala from Standard Chartered to become its new chief executive officer of Asia-Pacific, ending more than six months of speculation about who will succeed Paul Calello as the bankÆs top man in the region.

Based in Hong Kong, Nargolwala will oversee the investment banking, private banking and asset management divisions in the region and will become a member of the bankÆs executive board. He will assume his new responsibilities on January 1, 2008, and will report directly to Brady Dougan, Credit SuisseÆs CEO.

That the Swiss firm has chosen to hire an outsider for this job, rather than promote someone internally, is somewhat surprising. Market watchers had speculated that...
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