Credit Suisse has appointed Dominique Boer to the position of market group head Singapore with immediate effect.
Boer, who was promoted to the role from her position of Deputy Market Group Head Singapore, comes with over 30 years of banking experience, including 17 years in wealth management.
She joined Credit Suisse in 2015 as market leader for Singapore and expanded her role to deputy market group head Singapore in 2016.
Boer, as the new market group head Singapore, will be responsible for delivering the bank’s capabilities to its clients in the Singapore market.
She will continue to report to Jin Yee Young, market group head Singapore, Malaysia and South Asia Switzerland markets.
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Other new appointments within the bank include the addition of Klara Chan as senior expert relationship manager as part of its Private Banking South Asia Switzerland team and Vaidyanathan Narayanan, who has joined the bank’s India market as a relationship manager based in Singapore.
“Asia Pacific is a key growth region for Credit Suisse, and we are continuing to build up our private banking franchise to capture the vast opportunities in the wealth management sector here,” says Benjamin Cavalli, head of Private Banking South Asia and CEO Singapore at Credit Suisse.
“We remain deeply committed to nurturing and promoting senior talent to deepen our senior management bench strength, as well as in expanding our team having hired relationship managers who have joined us recently,” he adds.
For the 1QFY2021, Credit Suisse Asia Pacific (APAC) delivered record net revenue and adjusted pre-tax income (PTI) with high levels of client engagement and transaction activities.
Its APAC regional revenue improved by 39% y-o-y, which comprised 20% of group revenue on a reported basis.
Client business volume increased 41.1% y-o-y to US$419 billion.
PTI for the APAC division doubled y-o-y.
The bank also logged its net new assets (NNA) of US$5.4 billion for the 1QFY2021, its strongest since 1QFY2014.
