Credit Suisse Plans New Wealth Management Structure

Francesco De Ferrari, the new CEO of Credit Suisse Wealth Management, announced a new structure on March 1 that restructures the company’s business sectors in Europe and Latin America and names Christian Huber as chief operating officer.

In December, De Ferrari was named CEO of the Swiss bank’s wealth management division. This was in response to Credit Suisse’s plans to shift its focus away from investment banking and toward wealth management.

Huber is now the Swiss private banking industry’s chief operations officer. According to the bank, Robert Cielen will lead the business region Europe, which includes Europe and Emerging Europe, while Marcello Chilov will lead Latin America, which includes LatAm and Brazil.

Before becoming the president of Europe in 2020, Cielen oversaw the Emerging Europe business. Michael Strobaek, the division’s global chief investment officer, will also serve as the division’s sustainability lead.