Credit Suisse has made leadership changes to its Southeast Asia wealth business following the exit of a longstanding private banking heavyweight, finews.asia has learned.
Johanes Oeni, market group head Indonesia and Malaysia, has left Credit Suisse to pursue an opportunity outside the bank, according to an internal memo seen by finews.asia.
Oeni joined Credit Suisse in 2001 as a team leader in Indonesia before being named deputy market head for the archipelago nation in 2004 and market leader in 2006. He was appointed as market group head Indonesia and Malaysia in November 2022 as part of a broader reorganization of the APAC wealth business.
Previously, Oeni also worked at J.P. Morgan for seven years, focusing on the Indonesian wealth market.
Successor Named
Following Oeni’s exit, the bank appoints Claude Harbonn as the new market group head Malaysia and Indonesia, reporting to head of wealth management APAC Benjamin Cavalli.
Harbonn has over 20 years of wealth management experience, most recently as co-head of advisory and sales APAC. He joined Credit Suisse in 2008 and was previously working at UBS for nearly nine years as an investment consultant, mainly covering Indonesian ultra-high net worth clients.
Leadership Reshuffle
In addition, the bank also appoints Heinz Puth as market group head Indonesia. Puth rejoined Credit Suisse in 2018 and was most recently a team leader for Indonesia.
He first joined the Swiss lender in 1986, pioneering coverage of Indonesia as market head from 1992 to 2006 before moving on to Julius Baer to take on several senior positions including deputy head of Southeast Asia.
Puth and market leader Malaysia Joyce Low will both report directly to Harbonn.
Advisory & Sales
Also, 30-year Credit Suisse veteran Sascha Banz will become the sole head of advisory sales APAC and continue to be based in Hong Kong.
All the new personnel changes will take effect on February 6. A spokesperson for the bank confirmed the contents of the memo.
