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Economy

Credit Suisse Australian appointments

Written by Roberta Murray
Monday, 29 September 2008
Credit Suisse (NYSE:CS) today announced that Andrew Norman and Nick Selvaratnam have been appointed Co-Heads of Equities Australia. They will succeed David Trude, who is retiring after 25 years with the Bank. Both Norman and Selvaratnam are Managing Directors at Credit Suisse in Australia and are based in Sydney. They will take up their new roles from October 1, 2008. Trude will continue to work at Credit Suisse after his retirement in a senior advisory capacity. Norman is currently the Global Head of Australian Equity Sales, responsible for managing the sales, sales trading and execution trading teams. He started his stock-broking career in Melbourne in 1987 before moving to the U.S., where he joined Credit Suisse in 1993 and became responsible for managing the Australian and New Zealand equity sales desk in New York. He returned to Australia in 1997. Selvaratnam is Head of Australian Equities Research. He has more than 18 years experience in the equities business. Before joining Credit Suisse, he worked at Goldman Sachs Australia, where he was Managing Director and Head of Equities Research, with coverage responsibility for banks' research. The complementary skills of Norman and Selvaratnam bring strong leadership to the Australian equities business of Credit Suisse, and further strengthen the Bank's position within the investor community. "Under the leadership of Andrew and Nick, the equities business will further leverage the strength of Credit Suisse's local and global platforms to deliver substantial and sustainable results in this challenging market,"said Osama Abbasi, Head of Global Securities for Non-Japan Asia, including Australia. "David has been instrumental in building our franchise and has played an important role in a number of landmark transactions in Australia's corporate history. This is a well earned retirement and we wish him well."