Financial services provider Credit Suisse has named Alex Wade as its new head of private banking for Australia.
Mr Wade will commence his role on 1 January 2016 and will be based in Sydney, according to a statement by the company. His appointment follows the retirement of Edward Jewell-Tait, who was previously the company’s head of private banking Australia since at least 2011.
Mr Wade is currently Credit Suisse’s market area head for Australia and Asia Pacific Switzerland for private banking Asia Pacific.
In his new role, he will help drive the growth of the bank’s Australian franchise, and build on the bank’s delivering of products and services to high-net-worth and ultra-high-net worth clients in Australia.
Credit Suisse chief executive of Australia John Knox said: “Australia is a priority market for Credit Suisse and we are committed to continuing to grow our franchise.
“With his strong knowledge of the private banking business and experience in designing and implementing strategy across the region, leading and working closely with the front teams and their clients, as well as driving our ultra-high-net-worth client platform, Alex will play a key role in further growing our Australian franchise.”