Reuters and Swiss trade information website Finews have reported the appointments of Bill Johnson as head of Asset Management Americas of Credit Suisse and Michel Degen as head of Asset Management Switzerland and EMEA (Europe, Middle East and Africa) of Credit Suisse.
According to a memo from Eric Varvel, global head of Asset Management at Credit Suisse’s international wealth management division, seen by Reuters and confirmed by Credit Suisse, Johnson will remain deputy global head of Asset Management.
He will oversee the Commodities Group, Credit Investments Group, Securitised Products Fund and Private Funds Group.
Degen’s new duties focus on all existing core businesses, alternative funds solutions and Credit Suisse Energy Infrastructure Partners, said Reuters quoting Varvel’s memo.
Regarding Michael Strobaek, former head of Asset Management in Switzerland, it is understood he will remain global chief investment officer of Credit Suisse and head of investment solutions and products for IWM.