View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 8, 2022

Credit Suisse’s Brazilian subsidiary appoints new CEO

Credit Suisse Group’s Brazilian subsidiary has appointed Marcello Chilov as its new CEO, Reuters has reported.

In January this year, the lender had named Chilov, along with Ivan Monteiro, as interim co-CEO of Credit Suisse Brasil.

Monteiro, ex-CEO of state-run oil firm Petrobras, has now been appointed as chairman of the unit’s wealth and investment banking business.

Following the new appointment, both Chilov and Monteiro will report to Credit Suisse investment bank and Americas CEO, Christian Meissner.

They will also remain board members of Credit Suisse Brasil, which is headed by Ana Paula Pessoa.

Chilov will continue to lead the bank’s wealth management unit in Latin America and will report to wealth management division CEO Francesco De Ferrari.

The latest development comes as the Swiss wealth manager is mulling to axe thousands of jobs globally to overhaul its dwindling business, stated a recent Bloomberg report.

The cuts are expected to reduce overall cost of the lender by another $1bn.

Last month, Credit Suisse had named Roger Suter to lead its private banking division in Switzerland.  

Suter, who succeeded existing manager Serge Fehr, has been a part of Credit Suisse since 1993. In 2012, Suter was designated as the regional head of Central Switzerland.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International