HONG KONG and NEW YORK, Jan. 19 /PRNewswire/ -- Credit Suisse announced today the appointment of Neil Harvey as Managing Director and Head of Asia Pacific and Head of Emerging Markets globally for Asset Management, effective February 1, 2010. He will be based in Hong Kong and will report to Robert Shafir, CEO Asset Management and Kai Nargolwala, CEO Asia Pacific.
Mr Shafir said: "Developing the Asia Pacific region and building out our global emerging markets' offerings and clients is core to Asset Management's growth strategy across our division and businesses."
Mr Harvey has been involved in investment banking and asset management for over 24 years and has significant knowledge and understanding of the emerging markets. He returns to Credit Suisse from Renaissance Group, where he most recently served as their Deputy CEO and Chairman International. Prior to joining Renaissance in 2006, Neil was a founding partner of Bennelong Asset Management, a multi-strategy hedge fund focused on the Asia Pacific region.
His ten-year career at Credit Suisse spanned many roles and regions in the Investment Bank with his last role as head of the Investment Banking division and Client coverage, based in Hong Kong. During his tenure with the Bank, he also held various senior positions, including Global Head of Emerging Markets Fixed Income Distribution and ran businesses in the Middle East, Africa, Turkey and Latin America. Prior to joining Credit Suisse in 1993, Mr Harvey was at Macquarie Bank in Australia.
Mr Nargolwala added: "Given Neil's extensive knowledge of Credit Suisse, combined with his asset management and emerging markets' expertise operating skills and strong track record, we are confident he will play an important role in the growth of our Asset Management and Emerging Markets platforms in the region and across the Bank."
Salman Shoaib, who has led the Asia Pacific asset management business in the last 18 months, will become Credit Suisse Head of Corporate Development for Asia Pacific, responsible for coordinating long term cross-divisional strategic development and Key Account Management planning for the Bank in Asia Pacific. In this role, he will be based in Singapore, reporting to Mr Nargolwala and Nick Adamus, Head of One Bank Collaboration and Head of Corporate Development in Zurich. In addition, Mr Shoaib will assume the role of Branch Manager for Credit Suisse AG Singapore Branch and Senior Corporate Officer for Credit Suisse (Singapore) Limited, subject to regulatory approval, reporting to Mr Nargolwala.
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 47,400 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.
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SOURCE Credit Suisse