Credit Suisse has announced a series of appointments this Monday. Namely, the Swiss bank has revealed that James L. Amine has decided to step down from his role as the CEO of Investment Banking and Capital Markets (IBCM) and from the Group Executive Board.
Amine has been leading the IBCM unit for more than a decade. The company’s investment bank unit includes its global market operations. Through this unit, the firm offers global securities sales, trading and Execution , prime brokerage, and comprehensive investment research.
However, Amine is moving away from the position to take on a newly created role at Credit Suisse: head of Private Credit Opportunities, based in New York, and will report to Eric Varvel.
The aim of this new position is to build up the firm’s asset management unit and strategy. In particular, the Swiss bank is planning to expand its alternative asset management product offering and focus on directly sourced private credit opportunities, the statement said.
David Miller to succeed James Amine at Credit Suisse
Amine, who has been with Credit Suisse for 22 years, has been succeeded by David Miller, with the latter being named the CEO of the IBCM unit, effective today. He has also joined the Group Executive Board.
Miller, who has also been with the firm for 22 years, was most recently the Global Head of Credit, Head of Global Credit Products and a member of the Global Markets Management Committee.
Commenting on the moves, Urs Rohner, Chairman of the Board of Credit Suisse, said: “The Board of Directors would like to thank Jim for his strong commitment and excellent contribution to the bank over the past two decades.
“We look forward to welcoming David to the Executive Board of Credit Suisse. Credit Suisse will greatly benefit from his deep experience across capital markets and investment banking, combined with his broad client relationships both in the US and internationally.”
Another development at Credit Suisse is that Eric Varvel has been appointed as the Chairman of the IBCM division, in addition to his other roles as the CEO Asset Management and President and CEO Credit Suisse Holdings (USA), Inc. Harold Bogle, who was until now the Chairman of IBCM, will become Vice-Chairman, Group Executive Office.
