Credit Suisse has appointed Michael Marr to lead its private banking business in Australia. The appointment will be effective from 1 August 2018.

Marr, who is currently the Market Leader in Credit Suisse Private Banking Australia supervising the Sydney and Melbourne relationship management teams, will take over the new responsibility from Alex Wade, who led the business since January 2016.

Under the new role, Marr will be based in Sydney and will directly report to Alex Wade, head of Developed and Emerging Asia for Private Banking, and John Knox, CEO for Australia business.

Commenting on the new appointment, Wade said: “Michael has played an instrumental role in building and driving our business over the years at Credit Suisse, and is well-positioned in assuming this critical role to further grow our Australian Private Banking franchise.

“Australia is a key priority market in Credit Suisse’s strategy of expanding the regional onshore Private Banking footprint in the world’s largest wealth markets.”

With around 14 years of experience in the Australian private banking segment, Marr has been associated with Macquarie Group, Royal Bank of Canada and Hambros Bank in his earlier engagements.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

On his appointment, Marr stated: “I am very much looking forward to building on the remarkable success that Credit Suisse Private Banking has had over the past 10 years in Australia.

“The consistent focus on quality Investment solutions coupled with the delivery of market leading digital technology to our clients will remain the number one priority of the business.”