Credit Suisse Appoints Dominique Boer as Market Group Head Singapore, Adds 7 Private Bankers & Advisors
6th May 2021 | Singapore
Credit Suisse, the Swiss banking group with more than $1.75 trillion managed assets (CHF 1.59 trillion), has appointed Deputy Market Group Head Singapore Dominique Boer as the new Market Group Head Singapore for Credit Suisse Private Bank. In the announcement by Credit Suisse Head of Private Banking South Asia and CEO Singapore Benjamin Cavalli, Credit Suisse also made numerous key hires including 6 Private Bankers and 1 Investment Consultant from leading private banks including HSBC Private Bank, JP Morgan Private Bank, Julius Baer and Bank of Singapore.
” Credit Suisse Appoints Dominique Boer as Market Group Head Singapore, Adds 7 Private Bankers & Advisors “
Related:
- Credit Suisse Global Wealth Report 2020
- Credit Suisse, UBS, Nomura, MUFJ and Morgan Stanley Losses for Archegos Family Office Nears $10 Billion
- 2020 List of International Private Banks in Hong Kong
- 2020 List of International Private Banks in Singapore
- 2020 Top 10 Largest Family Office in the World
- 2020 Top 10 Largest Multi-Family Offices in the World
Dominique Boer, Market Group Head Singapore for Credit Suisse Private Bank
With immediate effect, Deputy Market Group Head Singapore Dominique Boer has been promoted to Market Group Head Singapore for Credit Suisse Private Bank.
In 2015, Dominique Boer joined Credit Suisse as Market Leader for Singapore. In 2016, her role expanded to Deputy Market Group Head Singapore. Prior to joining Credit Suisse, Dominique had held senior roles at Standard Chartered Bank covering Southeast Asia and Greater China markets. Dominique has more than 30 years of banking experience, including 17 years in wealth management.
Dominique Boer reports to Jin Yee Young, who is Credit Suisse Private Bank Market Group Head for Singapore and Malaysia, and Switzerland (for South Asia markets).
6 Private Bankers, 1 Investment Consultant Join Credit Suisse
Credit Suisse Head of Private Banking South Asia and CEO Singapore Benjamin Cavalli also announced several key hires, including 6 Private Bankers and 1 Investment Consultant. They joined Credit Suisse from leading private banks including HSBC Private Bank, JP Morgan Private Bank, Julius Baer and Bank of Singapore. Private Bankers are able to attract large amount of assets from billionaires, UHNWs, HNWs, family offices and institutional investors.
The 6 private bankers are Arleen Sy, Klara Chan, Voragun Thunyasthukul, Patchai Suratwisit, Vaidyanathan Narayanan, Rohit Narayanan. The investment consultant is Denise Low, who was with Credit Suisse for 10 years before joining SCB Julius Baer for the last 2 years to build up their Investment Advisory business in Bangkok (Thailand).
Private bankers typically manages $100 million to $300 million of assets, with the most senior and top private bankers managing assets of $300 million to $1 billion and top UHNW private bankers can manage book size of $500 million to $2 billion.
Credit Suisse, $1.75 Trillion AUM
In 2021 Q1, Credit Suisse reported total AUM of $1.75 trillion (CHF 1.59 trillion). Credit Suisse has 3 main business groups: Swiss Universal Bank, International Wealth Management (Private Banking) and Asia Pacific. The 3 business groups are supported by Credit Suisse Investment Bank. (AUM ~ Assets under Management)
For Asia Pacific, Credit Suisse reported CHF 241.9 billion AUM with 630 Relationship Managers in 2021 Q1. Benjamin Cavalli is the Head of Private Banking South Asia and CEO Singapore. In January 2017, Benjamin Cavalli was appointed as Credit Suisse Singapore CEO. In August 2018, Benjamin was appointed to the role of Head of Private Banking South Asia based in Singapore.
Credit Suisse Assets under Management (AUM):
- Swiss Universal Bank – Private Clients: CHF 213.1 billion
- Swiss Universal Bank – Corporate & Institutions: CHF 487 billion
- International Wealth Management – Private Bank: CHF 386.2 billion
- International Wealth Management – Asset Management: CHF 458 billion
- Asia Pacific: CHF 241.9 billion
- Total: CHF 1.59 trillion / $1.75 trillion
(Net CHF 1.59 trillion AUM after reducing CHF 190.2 billion from assets managed by Credit Suisse Asset Management within International Wealth Management)
Credit Suisse Head of Private Banking South Asia and CEO Singapore, Benjamin Cavalli:
“Asia Pacific is a key growth region for Credit Suisse, and we are continuing to build up our private banking franchise to capture the vast opportunities in the wealth management sector here.
We remain deeply committed to nurturing and promoting senior talent to deepen our senior management bench strength, as well as in expanding our team having hired relationship managers who have joined us recently.”
The Private Bankers & Investment Consultant Joining Credit Suisse
Arleen Sy joined as Senior Relationship Manager in Hong Kong covering the Philippines Market.Previously, Arleen was with HSBC Private Bank in Hong Kong for 14 years covering the UHNW clients in Philippines.
Klara Chan joined as Senior Expert Relationship Manager in Switzerland, covering South Asia. Previously, Klara was a senior private banker at JP Morgan Private Bank in Singapore.
Voragun Thunyasthukul joined as Senior Relationship Manager in Thailand. Previously, Voragun was with Kasikornbank Thailand as Private Banking Team Leader for 7 years.
Patchai Suratwisit joined as a Relationship Manager based in Thailand. Previously, Patchai was with Kasikornbank Private Bank Thailand for 10 years as a Relationship Manager.
Vaidyanathan Narayanan joined as Relationship Manager in Singapore, covering India market. Previously, Vaidyanathan was a Relationship Manager at Julius Baer in Singapore.
Rohit Narayanan joined as Relationship Manager in Singapore, covering the India market. Previously, Rohit was with Bank of Singapore and has more than 20 years of experience in the industry.
Denise Low joined as Investment Consultant in Singapore. Previously, Denise was with SCB Julius Baer where she spent the last 2 years building and driving their investment advisory business in Bangkok (Thailand). Prior to SCB Julius Baer, she was with Credit Suisse for 10 years.
Credit Suisse:
- Credit Suisse Global Wealth Report 2020
- Credit Suisse, UBS, Nomura, MUFJ and Morgan Stanley Losses for Archegos Family Office Nears $10 Billion
- Credit Suisse Raises $1.92 Billion in Capital, $5.5 billion Losses from Archegos Family Office
- Credit Suisse and Nomura in $6 Billion Hit by Bill Hwang Archegos Family Office
More:
- 2020 List of International Private Banks in Hong Kong
- 2020 List of International Private Banks in Singapore
- 2020 Top 10 Largest Family Office in the World
- 2020 Top 10 Largest Multi-Family Offices in the World
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 49,090 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.
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