Credit Suisse has named Benjamin Cavalli as new head for Southeast Asia, effective 1 October 2014.
In addition, Cavalli will also manage the bank’s Singapore private banking arm, according to FinanceAsia.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In his new role, Cavalli will oversee the private banking business in Southeast Asia, working closely with the respective teams in the region.
Also, he will collaborate across Credit Suisse’s integrated bank that combines both investment and private bank functions in order to capitalize on the business opportunities in Southeast Asia.
Based in Singapore, Cavalli will report to Francesco de Ferrari, head of private banking Asia-Pacific. Cavalli will be replacing Claudio de Sanctis, who will move to Credit Suisse’s private banking EMEA region as head of private banking Northern and Eastern Europe.
de Ferrari told FinanceAsia: "Asia Pacific is trended to become the wealthiest region in the world by the end of this decade and will overtake the US. The amount of financing that will be required to build these businesses in the region is going to be very interesting, and along with this there’s going to be a lot of wealth being created."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataCavalli, who joined Credit Suisse in November 2009, was appointed Singapore market leader in April 2010.
Cavalli joined Credit Suisse from UBS Wealth Management, where he worked as head of key clients, Singapore. He started his career in the Export Finance department at UBS in Switzerland and also headed the Commodities, Structured Trade and Export Finance at UBS Investment Bank in Hong Kong.
