Credit Suisse, which recently reorganised to place more focus on its wealth management business, has appointed Benjamin Cavalli as head of wealth management Asia Pacific.
Cavalli was previously head of private banking South Asia, Singapore CEO and APAC sustainability leader. He joined the bank in 2009 as head of private bank for the Singapore market and was then made head of Southeast Asia in 2014.
Jinyee Young, who is now the bank’s market group head for its private bank business in Singapore, Malaysia and South Asia, will be made the deputy head of wealth management Asia Pacific.
Young will join the bank’s key governance committees, including joining the APAC operating committee as the bank’s third female member after Chien Chien Wong (COO APAC) and Janice Hu (CEO China).
See: Asean FinTech unicorns riding on structural and behavioural changes
She is also the first ever female leader in a senior private banking role to be joining the bank’s APAC operating committee.
See also: OCBC China appoints Seth Tan new head of corporate banking
Wong, meanwhile, has been named CEO for Credit Suisse Singapore – the bank’s first female CEO for this market. This appointment is on top of her existing role as COO Asia Pacific.
Wong joined what was then Credit Suisse First Boston in 1992.
“The appointments of Benjamin, Jinyee and Chien Chien are a testament to our deep bench of talent and our commitment to build on the unique strengths of our integrated bank model,” says Helman Sitohang, CEO, Asia Pacific, Credit Suisse.
See also: Frasers Property and ThaiBev make key leadership movements
“I am especially delighted that these appointments demonstrate our strong focus on diversity and inclusion, which is at the heart of our culture at Credit Suisse,” he adds.
All three new appointments will take effect on Jan 1.
