Credit Suisse reshuffles Asia private banking leadership

The Swiss bank's Asia Pacific private banking head Francesco de Ferrari says the bank is looking to hire amid a shortage of talent and is also staying put in Australia.

We speak to Marcel Kreis, head of private banking Asia-Pacific for Credit Suisse, about why the Swiss bank has been able to attract substantial new assets into its wealth management business.

The bank has created several new positions to boost its private banking business in the region.

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.

Nora Yeung will join the German bank in September, after 12 years with Credit Suisse.

Claims would be based on a breach of international investment agreements, and launched on behalf of Credit Suisse’s AT1 investors from jurisdictions including Hong Kong, Japan, Korea, Singapore and the UAE.