NEW YORK, Aug. 12, 2015 /PRNewswire/ -- Credit Suisse announced today that Pedro Jorge Villarreal will become the Chief Executive Officer of Mexico, effective immediately. Our leading Mexico franchise has grown significantly over the past half-century into a fully integrated Investment Bank, Private Bank and Asset Management business.
Pedro Jorge Villarreal, a 15-year veteran of Credit Suisse, will be taking over the country CEO role from Hector Grisi who is leaving the bank. Mr. Villarreal will continue to hold his current role as the co-head of the Investment Banking Department for Latin America, excluding Brazil. Previously, he led the Investment Banking Department in Mexico for five years and helped build an award-winning Latin America franchise that holds a consistent top ranking in the league tables.
Robert Shafir, CEO of Credit Suisse Americas Region, said: "I am thrilled that Pedro Jorge Villarreal, an established and recognized leader in our Latin America franchise, will be taking on this leadership role as country CEO for Mexico. Mexico's growing economy brings with it a need for increased financial intermediation, wealth creation and deeper capital markets - and Credit Suisse is uniquely positioned to meet these needs. I expect our success in Mexico to continue under the leadership of Mr. Villarreal. I would also like to thank Mr. Grisi for his considerable contributions during his many years at the bank."
This appointment marks a natural progression for Mr. Villarreal and for Credit Suisse in Mexico, where the bank dominates the Equities business as the biggest trader on the local stock exchange for four years in a row and the No. 1 underwriter for initial public offerings and follow-on equity issuance. The bank has also maintained a top 3 position in Debt Capital Markets and a top 5 spot in onshore Private Banking, while building out our Asset Management business and offering clients top-tier equities and fixed income research.
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,400 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
SOURCE Credit Suisse AG