Credit Suisse appoints new CEO for Asia Pac

CREDIT Suisse has appointed Helman Sitohang as the new CEO for Asia Pacific, in addition to his existing role as head of investment banking for the region. He replaces Eric Varvel, who will become chairman for Asia Pacific and the Middle East Regions.

The Zurich-based global bank also announced that two of its managing directors from the investment banking division, Jim Amine and Tim O'Hara, have been appointed to the executive board and will join Gaël de Boissard to head the Investment Banking Division.

This is the first time that the CEO for Asia Pacific is based in Singapore and the first time a South-east Asian is holding the post, Credit Suisse pointed out.