Credit Suisse has announced the appointment of Gary Withers as Vice Chairman and Head of Asset Management for EMEA. In this role, he will be responsible for the further development of the business in this important region. Mr. Withers will be a member of the Asset Management Management Committee and Credit Suisse's EMEA CEO Management Committee. He will be based in London and joins on May 1. He will report to David Blumer, CEO of Asset Management and Michael Philipp, CEO of the EMEA region.
Mr. Withers brings to Credit Suisse over twenty years of experience in financial services and strong credentials in the UK asset management business. Most recently, he was the Chief Executive of Norwich Union Life, the life insurance arm of the UK's largest insurance company and a wholly-owned subsidiary of Aviva. Prior to joining Aviva in 2001, he served in a variety of senior roles in the UK business of Merrill Lynch Investment Managers and its predecessor company, Mercury Asset Management. Mr. Withers holds an MBA from INSEAD and is a graduate of Pembroke College, Cambridge.
Mr. Withers assumes this role from Mark Burgess, who has resigned to pursue other opportunities. This transition has been planned for some time with Mark agreeing to stay on board until a successor could be named to facilitate a smooth transition.
David Blumer, CEO of Asset Management at Credit Suisse, said, "We are delighted to have someone with Gary's depth of experience join the team. We have tremendous opportunities to further grow and expand our asset management business in the EMEA region. Gary's leadership will be instrumental in helping us further build our business in this important region."
Mr. Withers said, "Credit Suisse is one of the world's preeminent financial services companies, and is taking an innovative, solutions-oriented approach to clients in the area of asset management. I am excited by the opportunity to work with Credit Suisse and its clients in the UK and across the region."
Source: Credit Suisse