Credit Suisse Appoints Edwin Low as New CEO for Asia-Pacific, Helman Sitohang to Step Down on 1st June 2022

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Credit Suisse Appoints Edwin Low as New CEO for Asia-Pacific, Helman Sitohang to Step Down on 1st June 2022

29th April 2022 | Hong Kong

Credit Suisse, the Swiss banking group with more than $1.6 trillion assets, has made several key board & management changes including appointing Edwin Low as Credit Suisse new CEO for Asia-Pacific, with current APAC CEO Helman Sitohang stepping down on 1st of June 2022.  Edwin Low is currently Credit Suisse Co-Head of Investment Banking APAC, joining the bank in 1998 was with Schroders Australia and law firm Mallesons Stephen Jaques (Admitted as Barrister & Solicitor) prior to Credit Suisse.  Current Credit Suisse APAC CEO Helman Sitohang will become senior advisor to Credit Suisse Group CEO Thomas Gottstein.  Credit Suisse Chief Financial Officer & CEO of Credit Suisse International David Mathers has also indicated his wish to seek alternative opportunities outside of Credit Suisse, and will continue his role until a successor is found.  Francesca McDonagh will become Credit Suisse CEO of the Europe, Middle East and Africa (EMEA), taking over from Francesco De Ferrari, who is Credit Suisse CEO of Wealth Management.  Markus Diethelm will join Credit Suisse from UBS as General Counsel on 1st July 2022 and Executive Board, succeeding Remeo Cerutti who will retire after 10 years at Credit Suisse. The appointments are subject to final regulatory approval.

“ Credit Suisse Appoints Edwin Low as New CEO for Asia-Pacific, Helman Sitohang to Step Down on 1st June 2022 “

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Credit Suisse Appoints Edwin Low as New CEO for Asia-Pacific

Axel P. Lehmann, Credit Suisse Chairman of the Board of Directors:

“I would like to welcome Francesca and Markus to Credit Suisse, while congratulating Edwin on his promotion. They bring a wealth of experience and impressive track records in their respective areas, with the right risk mindset required to help drive the implementation of our strategic and cultural transformation.

I would like to thank David, Romeo and Helman for their years of service and their commitment to Credit Suisse.”

Thomas Gottstein, Credit Suisse Group CEO:

“I am looking forward to having Francesca, Markus and Edwin on the Executive Board given their deep professional insights and profound knowledge of the financial-services industry.

At the same time, I would like to thank Romeo, David and Helman for their service to the bank in their important roles over such a significant period of time. I wish Romeo well for his future endeavors. I have accepted David’s request with regret and look forward to continuing working with David over the coming months until a successor is found. And finally, I am delighted that Helman will continue to support me and Edwin in his new role, focusing on our most important APAC clients and advise me on our strategy implementation in the APAC region.”

Credit Suisse

Credit Suisse is one of the world’s leading financial services providers. Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 50,390 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

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