Credit Suisse (Switzerland) Ltd has announced leadership changes within its Corporate Clients area. Daniel Hunziker, who is currently serving as the Head of Institutional clients and is a member of member of the executive board, will also be taking leadership of Corporate Clients business with immediate effect in addition to his current roles within the firm.
The appointment of Hunziker comes as Andreas Gerber, the current head of corporate banking who also serves as a member in the executive board of Credit Suisse is set to depart from the company and will be taking a long break for time being.
On July 12, insurance company Swiss Re announced its plan to appoint Jacques de Vaucleroy as the permanent chairman of the board. He currently serves as the deputy-chairman and has been acting chairman since the previous chairman, Sergio Ermotti, resigned to join UBS in a leadership role.
The decision in appointing de Vaucleroy came after the Swiss authorities’ intervention to rescue Credit Suisse through a merger with UBS, which led to changes in its management position.
de Vaucleroy, who is a Belgian executive with previous experiences at AXA and ING, was being considered an ideal candidate for the chairman position and upon the board’s nomination he will be presenting himself for the elections as the chairman at the annual general meeting set to held in April.
UBS has taken little interest in Credit Suisse’s investment bank following government brokered takeover. UBS has made several appointments in the global markets team, with some being former Credit Suisse employees.
This has been the third round of changes since UBS took over Credit Suisse and already appointed its key leadership in May.
