A slate of new appointments has been named for the relaunch of the CS First Boston brand. But there is also a prominent departure.
Michael Klein will head the new capital markets and advisory bank CS First Boston, subject to regulatory approval, with the American leaving the board of directors of Credit Suisse, of which he had been a member since 2018.
Klein is expected to officially take over his future role next year, Credit Suisse announced Thursday as part of its reorganization. Current investment banking chief Christian Meissner is leaving with immediate effect, confirming earlier rumors.
Investment Banking
During the transition, until Klein takes over, David Miller will continue in his current role as global head of investment banking & capital markets, reporting directly to Group CEO Ulrich Koerner, and will support the development of CS First Boston as an independent bank.
In addition, Mike J. Ebert and Ken Pang will be appointed co-heads of the markets division beginning in November. They will also report directly to Koerner. Ebert is currently co-head of the investment bank and co-head of global trading solutions. Pang co-heads global trading solutions and co-heads the investment bank for Asia Pacific (APAC).
Manager with UBS Experience
Louise Kitchen is appointed head of the Capital Release Unit (CRU) as of early November. In doing so, she will report directly to the head of finance Dixit Joshi. She was most recently responsible for Deutsche Bank's capital release group and served on the bank's group management committee. Before joining Deutsche Bank in 2005, she worked for UBS.
«All these appointments bring a wealth of experience to our transformation. They have profound industry knowledge and I look forward to working more closely with all of them. At the same time, I would like to thank Christian for his contribution and wish him all the best for his future endeavors,» Koerner said.
