Francesco De Ferrari is putting together his team as he sets up his private client unit in line with the bank's new matrix structure.
Francesco De Ferrari, who re-joined Credit Suisse last December to run its private bank, is slotting people into key roles in his organization with appointments taking effect March 1, the bank said in an email Monday.
In an effort to simplify the bank's structure and pull countries into single regions De Ferrari is naming Robert Cielen to head the business with wealthy clients in Europe. Likewise, the bank is drawing Brazil closer to other Latin American countries to form a new unit, which Marcello Chilov will head.
Yves-Alain Sommerhalder (pictured above) will lead the bank’s newly created single product and financing hub for its wealth management business as it looks to strengthen its investment and lending capabilities within the division. The hub will interact with other areas of the bank including investment banking and asset management.
Sommerhalder's career at the bank took off in his previous role within the cross-divisional unit GTS under the bank’s former bank CEO Tidjane Thiam.
Michael Strobaek (pictured above) will continue acting as chief investment officer as well as becoming the division's sustainability head. He will work alongside the bank's designated sustainability head Emma Crystal, who will report directly to CEO Thomas Gottstein.
New Technology
A new platform will drive technological change within the division with Remco Bos in charge. Christian Huber, who previously served as chief operating officer of private banking in Switzerland, will step up to become the division's COO.
Former head of Credit Suisse's international wealth management Philipp Wehle, now serving as chief financial officer, will look after a specially created unit to improve client segmentation, an ongoing priority in private banking.
Swiss competitor UBS has clearly subdivided its European private client business into various client groups.
