ZURICH, July 12 (Reuters) - Credit Suisse on Monday
named Markus Ruetimann as new global chief operating officer of
Credit Suisse Asset Management (CSAM) as the Zurich bank turns
to the ex-UBS and Schroders manager to help it
recover from repeated crises.
Ruetimann will report to Ulrich Koerner, another former UBS
executive named in March to lead asset management, as the Swiss
bank separated the business into its own division following the
implosion of around $10 billion of funds related to British
supply chain financier Greensill.
"In his role as Global COO of CSAM, Markus will have global
oversight over technology and digital solutions, change and
project management, operations as well as data and business
services," Koerner told Credit Suisse employees in a memo seen
by Reuters and confirmed by the company.
"He will also lead the regional COO teams across
EMEA/Switzerland, the Americas and APAC."
The former CSAM Chief Operating Officer Mike D'Angelo will
support Ruetimann in helping develop a new operating model, said
Koerner, who thanked D'Angelo for his work over the last several
years.
The changes within CSAM follow a separate announcement on
Monday that Credit Suisse's chief compliance officer of its
domestic unit is quitting.
(Reporting by John Miller, editing by Louise Heavens)