Kalikajaros joins Credit Suisse from Merrill

Credit Suisse poaches MerrillÆs head of private clients to run its fledgling private banking business in Australia.
Less than a year after launching its private banking business in Australia, Credit Suisse has appointed a new person to run the division. Nick Kalikajaros is moving over from Merrill Lynch where he was head of the thundering herdÆs global private clients in Australia and New Zealand.

The position becomes effective on October 10, and KalikajarosÆ title is managing director and head of private banking Australia.

Kalikajaros replaces Cedric Davies who left the firm in May after only nine months in the job.

When Credit Suisse launched its private banking business in September last year, Davies was promoted internally to become its inaugural head. He joined Credit Suisse in May 2005 and was previously the deputy market leader for Australasia and responsible officer for Australia.

Kalikajaros, who will be based in Sydney, packs some serious credentials. In his 26-year banking career he has worked as general manager of St George Private Bank and co-head of UBS Private Clients Australia. He has also held senior roles at the Commonwealth Bank.

ôAustralia is one of the priority markets in Credit SuisseÆs strategy of enhancing its onshore private banking footprint in global growth markets,ö says Marcel Kreis, head of private banking Asia-Pacific. ôDedicated management and resources are essential to ensure the long-term success of our newly launched domestic private banking business.ö

Kreis himself is also new to the bank, having jumped from UBS in August last year.

But Kalikajaros isnÆt reporting to Kreis. Instead he will report to Francois Monnet who will join Credit Suisse on September 1 as head of the division for Southeast Asia and Australasia. Monnet comes from UBS and is replacing Didier von Daeniken who left the bank earlier this year.

MonnetÆs counterpart in North Asia is Anuj Khanna who joined the bank in September last year from UBS.

On a country level, Kalikajaros will also report to David Trude, Sydney branch manager for Credit Suisse and country head Australia.

In Australia, the bank says it has been building its local private banking team with several new hires including: Shane Galligan as head of products based in Melbourne; Rene Pyszko as investment specialist of managed funds/equities; and David McDonald as a research analyst.
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