Bringing in a European with a record of turning around businesses at the top may not solve the Australian investment and insurance group's credibility problem, say industry observers.
The bank is working to find cost efficiencies as it finalises an integration plan for its merged private banking and AM business. Product selection and IT are two potential areas of focus.
Asia’s wealthy are at a point where private investment banking caters to their needs. But asset management will come to the fore, says Francesco de Ferrari at Credit Suisse.
Credit Suisse appoints Marcel Kreis as the chairman of its private bank in Asia-Pacific and Francesco de Ferrari becomes head of private banking for the region.