Credit Suisse hires head of private banking Italy

Giorgio Riccucci has been appointed to head Credit Suisse’s private banking interests in Italy. He replaces Franco Mueller, with effect of 1 January 2012. Mueller remains at Credit Suisse, working alongside Riccucci as senior client officer.

Riccucci joins Credit Suisse after a 20-year career with UBS, where he covered numerous managerial roles. Until last summer, he was chief executive of UBS in Italy. 

Alois Battig, head of Private Banking Emea, Credit Suisse, said: “Italy continues to play a key role in Credit Suisse’s strategy for Europe. We are pleased to have a man of Riccucci’s caliber to help us guarantee continuity and the continued development of our strategy as an integrated bank to the benefit of our clients.”

The move comes as part of a wider shake-up of senior management and turnover of staff between the Swiss banks. Credit Suisse gains Riccucci but loses its Asia-Pacific chief operating officer Anuj Khanna, who has left to join Pictet & Cie to replace Stephane Schmidt, managing director and senior private banker. Schmidt hands over his management responsibilities to focus on client management.

Francesco Ferrari, who has covered senior management roles for Credit Suisse in Italy and the Far East, becomes head of private banking Asia-Pacific, with effect of 1 January 2012. He replaces Marcel Kreis, who becomes chairman. 

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