Credit Suisse names SE Asia private banking head

The bank appoints Francesco de Ferrari as market area head of private banking for Singapore, Malaysia and Indonesia. Meanwhile, Julius Baer appoints Peter Siber as chief risk officer for Asia and the Middle East.

Credit Suisse has created a new position to improve its Southeast Asia private banking coverage, transferring Francesco de Ferrari from Italy to take on the role of market area head for Singapore, Malaysia and Indonesia.

De Ferrari takes over a region that is particularly important to Credit Suisse. In Indonesia, for example, it has traditionally reaped the benefits of strong, long-term relationships and is widely considered the strongest private bank in the country. Indeed, rivals often say that private banking relationships are a consistent source of investment banking business for Credit Suisse in Indonesia.

But its private banking business in Singapore is even bigger bigger, in fact,...

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