The holder of this role has been in the position on an interim basis.

Credit Suisse said today it has named Toshihiro Yamamura as head of its Japanese private banking business, having held that role on an interim basis since February this year. 

Yamamura is based in Tokyo and has been with Credit Suisse for 11 years. 

Hiroyuki Naito, meanwhile, has taken on the role of team leader, moving on from his post as an expert relationship manager cluster head. He will focus on building up teams to further drive the business. He has been with Credit Suisse for five years. Naito has spent 18 years working with ultra-high net worth clients, according to an internal memo seen by this news service.

It is understood that Japan continues to be a priority for Credit Suisse’s private banking franchise in the Asia-Pacific region. While traditionally a relatively tough market for foreign firms to penetrate, there are signs this is starting to change. For example, Liechtenstein-headquartered LGT has set up in Tokyo.