Credit Suisse has named Helman Sitohang its chief executive for the Asia-Pacific region as part of a wider management shake-up.
Sitohang’s new responsibilities will be in addition to his existing role as the head of Credit Suisse’s investment bank in Asia-Pacific.
He replaces Eric Varvel, who will become chairman for Asia Pacific and the Middle East.
The Swiss bank’s reshuffle comes as Asia’s importance is growing within banking circles. There are about 3,500 listed businesses with market capitalisation of more than $50 million across 10 Asian markets that are family owned, with 40% of them being in Greater China.
Credit Suisse is...