Benjamin Cavalli, an Asia banking and wealth management veteran, headlines a raft of promotions within the Credit Suisse Asia business.
Cavilli has been promoted to head of wealth management Asia Pacific and has relocated to Hong Kong to take up the role.
He was formerly based in Singapore, where he served as Credit Suisse’s head of private banking Southeast Asia, Singapore Chief Executive Officer and Asia Pacific sustainability leader.
Prior to joining Credit Suisse he worked for UBS Wealth Management, where he was a managing director and head of key clients in Singapore.
In addition to overseeing the Credit Suisse wealth management business in the region, Cavalli will also continue in his role Asia Pacific sustainability leader.
Cavalli replaces highly-respected Asia finance veteran Francois Monnet who is retiring after almost 15 years with Credit Suisse.
“Francois has made a significant contribution to Credit Suisse as a business builder and passionate leader. Under his leadership, Credit Suisse is well established as a top three global franchise in Private Banking Asia-Pacific , notably in North Asia where the bank has achieved five consecutive years of double-digit revenue growth and our assets under management have doubled since 2016,” said Credit Suisse’s APAC CEO, Helman Sitohang.
Other appointments
In addition to Benjamin Cavalli’s appointment, Credit Suisse has announced two other key people moves in Asia.
Jinyee Young, who’s worked for the bank for 18 years, will be Benjamin Cavalli’s deputy.
While Chien Chien Wong, a Credit Suisse veteran of almost three decades, will replace Cavalli as Singapore CEO. She is the bank’s first female Singapore CEO.