As part of the change, the new head will go to Hong Kong later in 2021.

Credit Suisse has appointed Alois Müller as head of private and alternative markets for the Asia-Pacific region, a new role at the bank. 

Müller will move to Hong Kong in late summer of this year. 

Müller will report regionally to François Monnet, head of private banking North Asia and Benjamin Cavalli, head of private banking South Asia, and functionally to Fabian Shey, head of investment solutions and products, private and alternative markets. This new appointment is in addition to his role as head of global private equity, which he will retain and continue to lead with Fabian Shey.

“We are committed to augmenting our products and solutions team and platform in Asia Pacific to leverage the vast opportunities in the private banking private and alternative markets and achieve our growth ambitions. With Asia Pacific as a key region for Credit Suisse, this strategic move demonstrates our commitment to further strengthen our leading position and offerings in the fast growing alternatives and private markets space,” Cavalli said. “This appointment will not only reinforce a strong local presence but also serve to deliver unique offerings in this asset class to our clients. We look forward to expanding our suite of solutions to clients across the region.”

Credit Suisse wants to boost alternatives and private equity feeder funds distribution to SFr5-7 billion per annum. That should see the Swiss bank expanding its offerings and extending geographic reach in due course.

The global private and alternatives markets group manages more than $20 billion across funds and direct investments.