Credit Suisse has named David Mathers, present COO and head of finance of the investment banking division, as its new CFO effective October 1, 2010. He will succeed Renato Fassbind.
Before assuming the role of COO for the investment banking division, Mr Mathers was co-head of European equities, and head (and co-head) of European equity research for nine years. He joined Credit Suisse in June 1998 from HSBC where he was global head of equity research.
Brady Dougan, CEO of Credit Suisse, said: “Renato Fassbind has made a significant contribution to the success of Credit Suisse. His expertise and leadership have helped the bank navigate an extremely challenging period and emerge stronger. I am pleased that Renato will remain with the bank so we can continue to benefit from his experience and professional expertise.
“Credit Suisse is very fortunate to have someone as capable and talented as David Mathers to succeed Renato as CFO. David has done a tremendous job in helping to shape and implement the investment banking division’s client-focused, capital-efficient strategy as COO and head of finance. My colleagues on the executive board and I look forward to having David as part of our team as we continue to advance our client-focused strategy and integrated model.”