Zurich, Switzerland - June 24, 2010, Zurich, Switzerland - Credit Suisse announced a number of appointments to the executive board of Credit Suisse Group AG and Credit Suisse AG, effective July 1.
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Paul Calello has been appointed Chairman of the Investment Bank, and Eric Varvel, who currently serves as acting chief executive officer of the Investment Bank, has been appointed CEO of the Investment Bank.
Fawzi Kyriakos-Saad, currently CEO of Russia, the countries of the Commonwealth of Independent States and Turkey, and Co-Head of the Global Emerging Markets Council, will succeed Mr. Varvel as CEO of the Europe, Middle East and Africa region.
Antonio Quintella, currently CEO of Brazil and Co-Head of the Global Emerging Markets Council, will become CEO of the Americas region, succeeding Rob Shafir who has been covering this role in addition to serving as CEO of Asset Management.
Mr. Shafir will remain CEO of Asset Management and will focus on growing this strategically important business.
Paul Calello is Chairman of the Investment Bank of Credit Suisse, based in New York.
Before assuming this role, Mr. Calello was CEO of the Investment Bank and a member of the Executive Board of Credit Suisse Group and Credit Suisse. He was also Chairman of the Management Committee of the Investment Bank.
Prior to serving as CEO of the Investment Bank from 2007 to 2010, Mr. Calello was CEO of Credit Suisse’s Asia Pacific region, with responsibility for Private Banking, Investment Banking and Asset Management.
He joined Credit Suisse Financial Products in 1990, was Global Head of Equity Derivatives and Convertible Bonds from 1997 to 2002, and Global Head of Commodities and Fixed Income Derivatives from 1992 to 2000.
Mr. Calello was appointed Chairman and CEO of the Investment Bank in Asia Pacific in 2002 and, in 2006, assumed responsibility for all of the Bank’s operations in the region.
Prior to joining Credit Suisse, Mr. Calello worked for Bankers Trust and for the Federal Reserve System. He is a member of the Council on Foreign Relations. He serves on the Columbia Business School Board of Overseers, the Foreign Policy Association Board of Directors, the Board of Directors of the New York Philharmonic and as a Trustee of the Credit Suisse Foundation.
Fawzi Kyriakos-Saad is CEO of Credit Suisse’s Europe, Middle East and Africa (EMEA) region and a member of the Executive Board of Credit Suisse Group and Credit Suisse, based in London. He is also Co-Head of the Global Emerging Markets Council and Chairman of the EMEA Operating Committee.
Prior to assuming the role of CEO of the EMEA region, Mr. Kyriakos-Saad was CEO of Russia, the countries of the Commonwealth of Independent States and Turkey for Credit Suisse.
He joined Credit Suisse in 2006 from J.P. Morgan Chase, where he worked in a variety of senior fixed income and emerging market management roles. Before joining J.P. Morgan, he spent eight years at Goldman Sachs in New York and London.
Antonio Quintella is CEO of Credit Suisse’s Americas region and a member of the Executive Board of Credit Suisse Group and Credit Suisse, based in New York. He also continues in his roles as CEO of Brazil and Co-Head of the Global Emerging Markets Council.
Mr. Quintella joined Credit Suisse in 1997 from ING Barings as a senior relationship banker in the Investment Banking department and was named CEO of Credit Suisse’s Brazil operations in 2003.
As CEO of Brazil, he has overseen the expansion of the Bank’s presence in this important market, including the acquisition of Hedging-Griffo, a leading independent asset management and private banking firm in Brazil, in 2006.
Mr. Quintella serves on the Board of Febraban, the Brazilian bank association, and is a member of the global advisory council of the London Business School.
Rob Shafir is CEO of Asset Management and a member of the Executive Board of Credit Suisse Group and Credit Suisse, based in New York. As CEO of Asset Management, he is responsible for the Bank’s Asset Management operations globally. He is also Chairman of the Management Committee of Asset Management.
Mr. Shafir joined Credit Suisse in August 2007 from Lehman Brothers, where he worked for 17 years, having served as Head of Equities and as a member of their Executive Committee.
Prior to that, he worked at Morgan Stanley in the preferred stock business within the fixed income division.
Eric Varvel is CEO of the Investment Bank and a member of the Executive Board of Credit Suisse Group and Credit Suisse, based in New York. He is also Chairman of the Management Committee of the Investment Bank.
Prior to assuming the role of CEO of the Investment Bank, Mr. Varvel was CEO of Credit Suisse’s Europe, Middle East and Africa (EMEA) region and a member of the Executive Board. In September 2009, he was appointed acting CEO of the Investment Bank in addition to his other responsibilities.
Before being appointed CEO of the EMEA region in February 2008, Mr. Varvel was Co-Head of the Global Investment Banking department and Head of the Global Markets Solutions Group in Credit Suisse’s Investment Bank for over three years, based in New York.
Mr. Varvel previously spent 15 years in the Asia Pacific region in a variety of senior roles, including Head of Investment Banking and Emerging Markets Coverage for the Asia Pacific region ex-Japan and Head of Fixed Income Sales and Corporate Derivative Sales.
During that time, Mr. Varvel was based in Tokyo, Jakarta and Singapore. ■