Credit Suisse, a Swiss-based financial services company, has hired Dierk von Schuckmann as the new CFO of its asset management unit. According to Reuters, von Schuckmann is coming from UBS as the financial institution revamps its asset management.
His appointment will be effective from November 1, according to a spokesperson quoted by the news agency. According to his LinkedIn profile, von Schuckmann has served as Chief Financial Officer Asset Management for UBS for the past four years, but has been with the company for over ten years. He previously worked for over six years as Managing Director at Merrill Lunch
Antonio Horta-Osorio, new chairman of Credit Suisse, plans to make several changes in the asset management and investment banking departments following a series of negative maneuvers seen over the past two years.
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The leader promised to launch a new strategy by the end of the year to deal with periods of crisis, which had already started with the departure of some executives from the Swiss-based financial services company. Additionally, Reuters said Michael Rongetti, the division’s current chief financial officer, has been appointed head of asset management for the Americas. At the same time, Min Huang has been appointed interim head of asset management in the Asia-Pacific region. He will replace Michael Levin in the role.
Recent appointments at Credit Suisse
In September, Credit Suisse appointed Christian Deiss as the new head of mergers and acquisitions (M&A) for the Asia-Pacific region (APAC). Deiss replaced Joe Gallagher in the role, who will remain as vice president of investment banking and capital markets for Asia-Pacific.
He notably obtained a diploma in business administration from the University of St. Gallen. In addition, Deiss holds a Masters in Business Administration from Hautes Études Commerciales (HEC). Pankaj Goel also announced that he will be leaving the Swiss company at the end of the year after spending more than 17 years with the bank in the Southeast Asia region.