| 29 February 2024, Thursday |

Credit Suisse set to appoint Low as Asia Pacific CEO – sources

Credit Suisse is expected to name Edwin Low, the Asia Pacific investment banking co-head, as the new chief executive for the area, succeeding senior banker Helman Sitohang, according to two persons familiar with the situation.

According to one of the sources, Sitohang, who has been the CEO of Credit Suisse’s regional business since 2014, would take on a new role and report to the bank’s global CEO.

The sources declined to be named as Credit Suisse has not announced the appointment.

Credit Suisse said it was regularly discussing succession plans and reviewing senior appointments for certain positions, as it implements a new strategy and structure, as announced late last year. But no board decisions have been taken, it said.

Singapore-based Low, who is also the bank’s Southeast Asia CEO, has risen from the ranks after joining Credit Suisse as an associate in 1996.

  • Reuters