Credit Suisse today announced appointments to its executive board, changes to the leadership of its investment banking division, and the appointment of a new chief executive for the Asia-Pacific region.

Credit Suisse today announced appointments to its executive board, changes to the leadership of its investment banking division, and the appointment of a new chief executive for the Asia-Pacific region. All changes take effect immediately.

Helman Sitohang will assume the role of CEO of Asia-Pacific. He will also continue to retain his role as head of the investment bank for the region, the Zurich-listed banking group announced today.

Eric Varvel, the outgoing CEO, has decided to step down from the executive board and assume the role of chairman, Asia Pacific and Middle East Regions, but will continue to report to the CEO in his new role, the bank said in a statement.

Jim Amine and Tim O’Hara have been appointed to the executive board and will both partner with Gaël de Boissard to co-head the investment banking division. Amine will continue to have responsibility for the IB department while O’Hara will continue to head the equities business. De Boissard's role remains unchanged. He continues to head the fixed income business and remains the CEO of Europe, Middle East and Africa and a member of the executive board.

Brady Dougan, CEO of Credit Suisse, said: “Eric Varvel has done a great job as CEO of Asia Pacific and I believe will provide important continuity of management and with client relationships in the Chairman role. Helman Sitohang has been instrumental in the success we have achieved to date. Moving into the CEO role is a natural progression and I believe he, along with the strong management team we have in the region, will be able to produce excellent results, demonstrate growth and build on the impressive momentum we have in Asia Pacific.”

Current executive board membership:

−Brady W. Dougan, chief executive officer
−James L. Amine, head of investment banking – investment banking department
−Gaël de Boissard, head of investment banking – fixed income; regional CEO of EMEA
−Romeo Cerutti, general counsel
−David R. Mathers, chief financial officer and head of IT and operations
−Hans-Ulrich Meister, head of private banking & wealth management and regional CEO of Switzerland
−Joachim Oechslin, chief risk officer
−Timothy P. O’Hara, head of investment banking – equities
−Robert S. Shafir, head of private banking & wealth management and regional CEO of Americas
−Pamela A. Thomas-Graham, chief marketing and talent officer and head of private banking & wealth management new markets.