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Credit Suisse Names CIO For Private Banking, Wealth Management Division
Tom Burroughes
19 April 2013
Credit Suisse has appointed Michael Strobaek as its chief investment
officer for the private banking and wealth management division, effective from
1 May, it said today. Additionally, he will head the newly established
investment strategy and research group within the division. Strobaek will report to Robert Shafir, head of private banking
and wealth management products. Strobaek joins from a Swiss family office,
where he was chief executive and CIO. Prior to that, Strobaek spent 13 years at
UBS in a number of senior positions, most recently head of investment
management for wealth management, and prior to that global head of investment solutions. The appointment involves partly the creation of a new role,
following reorganisation of the investment team, and due to the departure of
Stefan Keitel from Credit Suisse, where he had been global CIO, a spokesperson
for Credit Suisse told this publication. The investment strategy and research group is comprised of
the global CIO office, rsearch for private banking and wealth management, regional
CIOs and additional groups within the division that produce complementary
investment content. Giles Keating, head of research for private banking and wealth
management, will assume the role of deputy head of the investment strategy and research
group in addition to his current role. Research will partner closely with the
CIO office on actionable ideas, while retaining the independence of process,
according to a statement from the Zurich-listed bank. Strobaek joins Credit Suisse from a Swiss family office,
where he was CEO and CIO. Prior to that, Strobaek spent 13 years at UBS in
a number of senior positions, most recently Head of Investment Management for
Wealth Management, and prior to that Global Head of Investment Solutions.