Credit Suisse will relocate its head of global private equity and UHNW veteran to Hong Kong in an expanded role, finews.asia has learned.
Alois Müller has been named to the newly created role of APAC head of private and alternative markets, according to an internal memo seen by finews.asia, in addition to his exiting role as head of global private equity.
Müller will relocate to Hong Kong from Zurich this summer reporting regionally to North Asia head of private banking François Monnet as well as South Asia head of private banking South Asia Benjamin Cavalli and functionally to Fabian Shey, head of investment solution and products, private and alternative markets.
A spokesperson for the bank confirmed the contents of the memo.
UHNW Veteran
Müller has almost a decade of experience with ultra-high net worth (UHNW) clients in the region, having previously worked with the likes of Rothschild and UBS’ wealth unit in Hong Kong.
He also previously covered UHNW clients in Zurich for eight years at UBS.
Alt Expansion
Müller’s appointment coincides with Credit Suisse’s ambitions to grow alternative and private equity feeder funds distribution to 5 billion to 7 billion Swiss francs per annum.
«We are committed to augmenting our products and solutions team and platform in Asia Pacific to leverage the vast opportunities in the private banking private & alternative markets,» said Cavalli in the memo. «With Asia Pacific as a key region for Credit Suisse, this strategic move demonstrates our commitment to further strengthen our leading position and offerings in the fast growing alternatives and private markets space.»
The bank currently manages over $20 billion worldwide across funds and direct investments in seven investment hubs.
