Credit Suisse confirms new Australian CEO
Credit Suisse has announced the appointment of a senior banker from Deutsche Bank in Hong Kong as the CEO of its Australian business.
Mr Gibb has more than 30 years of experience in investment banking senior leadership roles across Hong Kong, New York and Sydney, and has worked for Merrill Lynch, Bankers Trust and Westpac.
As CEO of Australia, he will lead the Australian franchise across investment banking and capital markets, private banking, markets and financing, driving the business and client strategy to maximise profitability, to harness business opportunities and grow the business.
Mr Gibb will also focus on maintaining a strong corporate governance framework and regulatory relationships in Australia.
Helman Sitohang, CEO of Credit Suisse Asia Pacific, said: “I look forward to having a strong talent of Richard’s calibre join our Asia-Pacific leadership team and continue to build on the success of our Australia business.”
Mr Sitohang also praised outgoing Australia CEO John Knox, who has decided that this year will be his last at Credit Suisse.
Mr Knox and Mr Gibb will work together to ensure a smooth leadership transition in the coming months.
“I would like to thank John for his various contributions to Credit Suisse over the last 24 years. He leaves with our best wishes for the future,” Mr Sitohang said.