Credit Suisse Group has appointed Leonhard Fischer, Chief Executive Officer of Winterthur, as Chief Executive Officer of the Europe, Middle East and Africa (EMEA) region. In this role, Fischer will report to Oswald J. Grbel, Chief Executive of Credit Suisse and will join the Executive Board of the bank. He will be based in London and will assume his new responsibilities on 1 March 2007.
Michael Philipp, CEO of the EMEA region, will become Chairman of Credit Suisse in the EMEA region. In this new role, Philipp will focus on expanding the bank’s strategic client relationships with a particular focus on the Middle East. He will also continue to play a key role developing strategy with Fischer and driving specific initiatives in the EMEA region. Philipp will remain a member of the Executive Board and will continue to report to Grbel. He will be based in London and assume his new responsibilities on 1 March 2007.
“I am delighted that Lenny Fischer will join the Executive Board of the bank,” says Grbel, the CEO of Credit Suisse. “He did an outstanding job at Winterthur and we look forward to his continuing contribution to Credit Suisse as we grow our business across EMEA. Michael Philipp has done an excellent job leading the bank in the region over the last two years and we look forward to his continued contribution as Chairman of the EMEA region, which will allow him to focus on core client relationships.”