Credit Suisse will reorganize its regional setup in Latin America as it bids to entice more rich people to invest their assets with Switzerland’s second-largest bank.
The wealth management of Credit Suisse (CS) in Latin America will undergo a reorganization, with some regions being merged, according to a report by «Bloomberg. The Credit Suisse «Andean» group, which includes clients from Peru to the Caribbean, will be split in two, the report said, citing Jorge Fernandez Amann, head of the Latam region at CS wealth management. Amann is based in Zurich and headed the region – except Brazil – since 2018.
In the context of the changes, Daniel Clavijo has stepped down from his role. Clavijo is leading the Andean group in the rank of a managing director. CS has also hired a team of five relationship managers under the management of Vicente Cresto, who will join the bank in December from arch-rival UBS (see report by finews.com). CS is introducing the strategic client partner-model to the Latam region, giving its key clients access to specific services. The bank hopes to lure more rich clients in this region.
