Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
Kreis, who joins from UBS, will report to Walter Berchtold, Credit SuisseÆs CEO of private banking and to Paul Calello, CEO, Credit Suisse, Asia-Pacific. Fidelis Goetz, head of private banking Northeast Asia and Didier von Daeniken, head of private banking, Southeast Asia will report directly to Kreis.
In the new position, Kreis assumes responsibility for the further development and coordination of Credit SuisseÆs private banking business in the region and will also be charged with promoting cooperation in the context of the integrated bank, which includes private banking, investment banking and asset management.
At UBS, Kreis was head of UBS global wealth management in Southeast Asia and Pacific. This role included responsibility for Australia and onshore Japan. He held this role at UBS from 2000, during which time he significantly increased its volume of assets under management.
Outside of UBS, Kreis worked for Citibank and Merrill Lynch before joining Swiss Bank Corporation (later UBS) in 1990. In total, he brings well over 20 years of private banking experience in Asia to Credit Suisse.
Weekly investor roundup: Cathay Financial expects rate hikes to boost returns; NPS' enlarged stewardship role faces pushback
Cathay Financial Holdings anticipates that interest rate increases will help boost profits in the coming year; Korea's National Pension Service meets protest from the business community after move to enlarge stewardship role; MAS bans crypto advertising to the general public; Japan's GPIF appoints managers for fund of funds mandate; GIC returns for Checkout.com's Series D funding; and more
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