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New CEO For Credit Suisse, Australia

Credit Suisse today announced the appointment of Rob Stewart as Chief Executive Officer of Credit Suisse in Australia.

Mr. Stewart will assume his new role in addition to his existing responsibilities as co-Head of the Investment Banking Department, effective as of February 1, 2013.

He succeeds David Livingstone, CEO of Australia since early 2010, who is returning to London to assume a senior client role with Credit Suisse.

As Country CEO, Mr. Stewart will be responsible for leading the development of Credit Suisse across the Private Banking and Wealth Management, and Investment Banking divisions in Australia. He will also have primary responsibility for overseeing and maintaining all local regulatory relationships.

Eric Varvel, CEO Asia Pacific for Credit Suisse, said that with almost 20 years of experience at Credit Suisse, Mr. Stewart is well-placed to take on the role. “Credit Suisse has had a leadership position in Australia for more than 40 years and we continue see significant potential from this market,” he said. “I would also like to take this opportunity to thank David Livingstone for his leadership, dedication and significant contribution to the development of our business in Australia over the last three years.”

Mr. Stewart said: “I am pleased to be taking on this new role, and look forward to working closely with our business heads to continue to build on the momentum of our Australian business.” In 2012, Credit Suisse ranked #1 in terms of Investment Banking revenue1 and #3 in announced M&A volume.2