Credit Suisse is shuffling its asset management team to give more responsibility to the newly-hired investment chief at its private banking arm.
The firm’s CIO Michael Strobaek will replace Gerhard Fusenig, co-head of multi-asset class solutions as well as head of asset management in Switzerland, who will leave the bank with immediate effect.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Fusenig’s departure will give sole leadership of Credit Suisse’s multi-asset class products to Michael Strobaek, who co-headed management of assets on a discretionary basis together with Fusenig.
Fusenig will stay for several weeks with the firm to ensure a smooth transition.
Robert Jain, who oversees alternative investments, will head core investments, which includes equities, fixed income, and real estate and index solutions on top of his current duties.
Strobaek and Robert Jain, the bank’s New York-based head of alternative investments who is taking over core investments from Fusenig, will assume their new responsibilities with immediate effect.
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 GlobalDataStrobaek joined the firm from UBS to cater to Credit Suisse’s wealthy clients with investment themes and views.
Credit Suisse has managed CHF390.7 billion in assets, including CHF110 billion in the discretionary business, called multi asset class solutions, at the end of June.
