Credit Suisse Group, in line with its new organizational structure, which is designed to move the group to a matrix organization to allow for the best possible implementation of a “strategy of strengthening, simplifying and investing for growth”, has named four new CEOs. 

Francesco De Ferrari is named CEO of the group’s wealth management division, reporting to group CEO Thomas Gottstein. De Ferrari has also been appointed as ad interim CEO of Europe, Middle East and Africa (EMEA) region. Christian Meissner, CEO of the investment bank division, has been appointed as CEO of the Americas region; and Helman Sitohang and André Helfenstein have been appointed as CEOs of the Asia-Pacific and Switzerland regions, respectively.

As well, the group announced Mark Hannam as head of internal audit and a new board of directors structure to enhance the effectiveness and governance of subsidiary boards.

From January 1 2022, the group will be organized into four business divisions – wealth management, investment bank, Swiss bank and asset management – and four geographic regions – EMEA, Americas, Switzerland and Asia-Pacific.

Philipp Wehle, who has served as CEO of international wealth management since 2019, will be appointed CFO of wealth management and head client segment management global wealth. He will work closely with Francesco De Ferrari.

As a consequence of re-establishing two global divisions (wealth management and investment bank), the group will reintegrate parts of the sustainability, research and investment solutions organization into the global business divisions.