Credit Suisse reshuffles Asia private banking leadership

Credit Suisse said yesterday that Marcel Kreis will assume a newly created position as chairman of private banking in Asia-Pacific, effective January 1, 2012. Francesco de Ferrari, who will relocate to the region on August 1, will succeed Kreis as head of private banking Asia-Pacific as of January. He will report to Walter Berchtold, CEO of private banking, and Osama Abbasi, CEO Asia-Pacific. In the meantime, de Ferrari, who will be based in Singapore, will assume the role of de…