Credit Suisse reshuffles its Private Banking management in Australia with a new Head of Private Banking. The manager based in Sydney joined the Swiss bank almost ten years ago.
Michael Marr (pictured above) will be the new Head of Private Banking Australia, effective August 1, Credit Suisse said in a statement on Friday. Marr will continue to be based in Sydney and report to Alex Wade (pictured below), Head of Developed and Emerging Asia for Private Banking, and John Knox, Chief Executive Officer for Australia.
He takes over from Wade, who has run the business since January 2016. Marr is currently the Market Leader in Credit Suisse Private Banking Australia, overseeing Relationship Management teams in Sydney and Melbourne. He first joined Credit Suisse Private Banking Australia in 2009 as a Senior Relationship Manager, before taking on the management role of a Team Leader in 2013 and Market Leader in 2017.
He has 14 years’ experience in the Private Banking industry in Australia, having worked previously for the Macquarie Group. Prior to this he worked in Debt Capital Markets at the Royal Bank of Canada and Hambros Bank. He began his career in the military, serving seven years in the British Army in the Scots Guards regiment.
