Credit Suisse announced Francesco De Ferrari would return to the company as CEO of its wealth-management division and interim CEO of Africa, Europe and Middle East.
Source: Reuters
This follows a raft of appointments to its executive board as the Swiss bank seeks to move on from a torrid year during which it was battered by a stream of controversies and losses.
AMP recruit
De Ferrari, who worked at Credit Suisse between 2002 and 2018, joins after a stint leading Australian wealth-management company AMP.
His appointment comes after Credit Suisse announced a new strategy to curb its investment bankers and plough money into looking after the fortunes of the world's rich.