Governance
Credit Suisse AG appoints CEO Asia Pacific |
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| Governance | |
| Written by Gary Howes | |
| Tuesday, 07 September 2010 | |
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Appointment comes on a day of major changes in global banking.
Credit Suisse AG (NYSE:CS) is the latest global banking giant to announce a significant change in its top management echelons. He will report Brady Dougan. The appointment at Credit Suisse comes on the same day that Barclays (LON:BARC) officially announced Bob Diamond would take the helm of the bank. HSBC Holdings (LON:HSBA) also announced that Chairman Stephen Green will step down to become UK Trade Minister. At Credit Suisse Abbasi, currently head of the Equities department of the Investment Bank in Asia Pacific, will be responsible for executing the bank’s strategy in Asia Pacific. He will also be responsible for both divisional and country performance in the region. Kai Nargolwala will take on the new role of non-executive Chairman of Credit Suisse in the region. In this role, he will provide counsel and guidance to senior management in the region, including the newly appointed CEO, with a focus on strategy and senior client relationships. Hans-Ulrich Doerig, Chairman of Credit Suisse Group, said: “Asia Pacific is a very important growth region for us and these appointments further strengthen our management team in the region. The appointment of Osama Abbasi demonstrates the depth of talent we have developed at Credit Suisse under Brady Dougan’s leadership, enabling us to promote yet another member of our existing senior management to the executive team.
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