Credit Suisse has appointed Osama Abbasi as Chief Executive Officer of the Asia Pacific Region and a member of the Executive Board of Credit Suisse Group AG and Credit Suisse AG.
Abbasi, who will take care of charge on October 1, 2010, will report to Brady Dougan, Chief Executive Officer of Credit Suisse Group AG. Kai Nargolwala will become Chairman of Credit Suisse Asia Pacific effective the same date.
Osama Abbasi, currently head of the Equities department of the Investment Bank in Asia Pacific, will be responsible for executing the bank’s strategy in Asia Pacific and will be responsible for both divisional and country performance in the region.
Abbasi joined Credit Suisse Financial Products, the former derivatives subsidiary of Credit Suisse First Boston, in 1996 from Bankers Trust, where he worked in various trading and marketing positions in Fixed Income and Equities. Mr. Abbasi holds a B. Sc. in Economics from the Wharton School of Business at the University of Pennsylvania.
Hans-Ulrich Doerig, Chairman of Credit Suisse Group, said: “Asia Pacific is a very important growth region for us and these appointments further strengthen our management team in the region. The appointment of Osama Abbasi demonstrates the depth of talent we have developed at Credit Suisse under Brady Dougan’s leadership, enabling us to promote yet another member of our existing senior management to the executive team.”