Management changes at Credit Suisse Singapore
(10 January 2017 – Singapore) Credit Suisse has announced several key senior management changes in Singapore.
The Swiss bank appointed Benjamin Cavalli as its Singapore chief executive, on 1 January 2016, taking over from Lito Camacho, who remains as the firm’s Asia-Pacific vice-chairman.
Cavalli, who has been with Credit Suisse since 2009, retains his role as the head of South-east Asia and head of Singapore location for private banking.
The bank also named Tan Kuan Ern deputy Singapore CEO, taking over from Edwin Low.
The new position was added to Tan's current role as head of Singapore coverage for investment banking and capital markets (IBCM). Meanwhile, Low will remain the IBCM co-head for Asia-Pacific.
Singapore chief operating officer Jacky Ang has taken up the additional roles as the branch manager for Credit Suisse's Singapore branch and senior corporate officer.
He assumed these two roles from Chien Chien Wong, who was promoted to Asia- Pacific COO.
According to the bank, it employs around 4,000 people in Singapore, making the city-state its biggest booking centre for the private banking business, outside of Switzerland.
Credit Suisse managed about 169 billion Swiss francs' (A$223 billion) worth of client assets as at the third quarter of 2016.
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