Credit Suisse is tapping a veteran of Pictet as well as a former Credit Suisse First Boston investment banker and China heavyweight for its board.
The Swiss bank will propose Christian Gellerstad and Shan Li to join its board at an April 26 shareholder meeting, it said in a statement on Thursday. The duo replace Andreas Koopmann, a Swiss industrialist who won't stand for reelection, and Alexandre Zeller, a veteran Swiss private banker who is defecting for a partnership at Lombard Odier.
Gellerstad was Pictet's CEO of wealth management until his sudden exit last year. Shan Li (pictured below), the CEO of Silk Road Finance Corporation in Hong Kong, brings experience in the lucrative Chinese market.
Li began his career at Credit Suisse First Boston, the now-defunct brand name of Credit Suisse's investment bank. Li has held several senior roles including as chief international adviser for China Development Bank, vice chairman of UBS' investment bank in Asia, CEO of Bank of China International Holdings, and Goldman Sachs' chief China economist.
Notably, major Credit Suisse shareholder Qatar is not standing a board representative, after Jassim Bin Hamad J.J. Al Thani departed two years ago.
