Last updated: 14:12 / Monday, 12 September 2016
Brian Chin, CEO Global Markets

Eric Varvel appointed President and CEO of Credit Suisse Holdings USA

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Eric Varvel appointed President and CEO of Credit Suisse Holdings USA
  • Eric Varvel is appointed President and CEO of Credit Suisse Holdings (USA), in addition to his current responsibilities as Global Head of Asset Management
  • Tim O’Hara will be succeeded by Brian Chin, currently Co-Head of Credit, as CEO of Global Markets. Brian Chin will join the Executive Board of Credit Suisse Group AG
  • These changes are effective immediately

Credit Suisse Group announced recently that Eric Varvel is appointed President and CEO of Credit Suisse Holdings (USA), in addition to his current responsibilities as Global Head of Asset Management. The bank also announced that Tim O’Hara will be succeeded by Brian Chin, currently Co-Head of Credit, as CEO of Global Markets. Brian Chin will join the Executive Board of Credit Suisse Group AG. These changes are effective immediately.

Urs Rohner, Chairman of the Board of Credit Suisse said: “Eric Varvel will provide critical continuity at Credit Suisse Holdings (USA), with his extensive background in investment banking and his proven leadership skills in various key roles as a former member of the Executive Board.”

Tidjane Thiam, CEO of Credit Suisse said: “I welcome Eric Varvel to the role of President and CEO of Credit Suisse Holdings (USA). Eric is one of the firm’s most accomplished professionals, adding considerable experience and expertise to the role. Over his 25-year career at Credit Suisse, Eric has held a number of senior positions including: CEO of Asia Pacific, CEO of the Investment Bank, and CEO of Europe, Middle East and Africa. He also served on the Executive Board for six years from February 2008 to October 2014. Eric will continue to lead our Global Asset Management activities in addition to this new role. I look to Eric to provide our bank with leadership, insight, governance and accountability as we develop our franchise in the United States, maximize its potential and deliver significant value to our clients."

“I am confident that these management changes that I have proposed and that have been approved by the Board of Directors of Credit Suisse Group AG will drive a continued improvement in the performance of our bank."

 

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