Credit Suisse Calibrates Asian Private Bank Management Structure

A change in the Asian management structure of Swiss private bank Credit Suisse was announced at a town hall conference across Asia yesterday.

Francois Monnet, currently chief operating officer private banking Asia Pacific, is lined up to take over from Tee Fong Seng as head of Greater China, based in Hong Kong, reporting to Francesco de Ferrari, Head of Private Banking Asia Pacific.

The veteran Tee Fong Seng will remain as chief executive of the Credit Suisse Hong Kong branch and retain his existing additional role as vice chairman for private banking Asia Pacific.

Monnet is currently the COO for private banking Asia Pacific and is responsible for all run-the-bank functions, investments in infrastructure and change management, risk and supervisory controls, pricing and strategy, including the build-up of Credit Suisse’s private banking digital capabilities across Asia.

Monnet joined Credit Suisse in 2007 as head of private banking Southeast Asia and Australasia until 2010 when he assumed a new responsibility as head of ultra high net worth for private banking Southeast Asia, Australia and Japan.