Swiss banking giant Credit Suisse has named Christian Berchem as the new CEO of its UK private banking operations, replacing Philip Harris who will now assume the role of senior client advisor within the UK private bank.

Berchem will take up the new role on 7 June 2017, subject to regulatory approval, and will report to international wealth management (IWM) Europe head, Claudio de Sanctis.

As CEO of Credit Suisse (UK), Berchem will be responsible for driving the platform’s growth and building on its scale as a key hub for private banking within the IWM unit.

Berchem most recently served as the head of the private bank for London at Barclays Wealth. He previously also worked at JPMorgan, Merrill Lynch, Morgan Stanley as well as KPMG.

Commenting on the appointment, de Sanctis said: ''I thank Philip for his strong contribution in transforming our UK platform. At the same time, I am delighted to welcome Christian to Credit Suisse (UK) Limited, ensuring our continued success as a leading wealth manager in one of our key markets in Europe.

“He brings a wealth of experience in financial services along with a strong client focus and an in-depth knowledge of the industry, helping us accelerate the platform’s strategic development and attract top talent.”