Credit Suisse will look to rebound from the recent exit of around a dozen executives in Japan with the hire of a new head of private banking for the market, finews.asia has learned.
Toshihiro Yamamura has been named head of private banking for Japan, according to a memo seen by finews.asia, after assuming interim responsibility since February this year.
Based in Tokyo, Yamamura has worked with Credit Suisse for 11 years and was most recently also a market leader for the Tokyo market in addition to his role as the interim Japan head of private banking.
Team Leader
In addition, Credit Suisse has also promoted expert relationship manager cluster head Hiroyuki Naito to the role of team leader. Naito has 18 years of experience serving ultra high net worth clients, including the last five years with Credit Suisse.
A spokesperson for the bank confirmed the new appointments.
Japan Exits
The latest appointments follow the recent departure of around a dozen private bankers from Credit Suisse to LGT.
The exits included 25-year industry veteran Yoshitaka Nagakura who was recently named chairman and chief executive for LGT’s private banking unit in Japan.
