About Us Press Release

Press Release

David Miller to succeed James L. Amine as CEO of Investment Banking and Capital Markets, Eric Varvel to become Chairman of Investment Banking and Capital Markets. Harold Bogle appointed Vice-Chairman, Group Executive Office.

The Board of Directors has approved a change to the Executive Board of Credit Suisse. This change, along with a number of additional appointments, which we are announcing today, are effective immediately.

James L. Amine has decided to step down from his role of CEO of IBCM and from the Group Executive Board, after leading that activity successfully for more than ten years in order to take on a newly created role as head of Private Credit Opportunities, based in New York. This is a significant and strategic opportunity for the Firm and builds upon our Asset Management strategy. The business will expand our alternative asset management product offering and focus on directly sourced private credit opportunities. In addition, it adds capabilities for our Corporate and Financial Sponsor clients and leverages our strength globally across the credit spectrum. This new activity will also bring benefits to our Wealth Management strategy. The new role draws on Jim's extensive knowledge of the global capital markets and his deep client relationships. Jim will report to Eric Varvel.

Throughout his 22-year tenure at Credit Suisse, Jim has built a track record of success, shaping and leveraging our leading Investment Banking franchise over that period, most recently in his capacity as CEO of IBCM, since 2015. Under Jim's leadership, we have cemented leading positions across many industry and product groups, advising our clients in some of the largest cross border M&A and financing transactions in recent years.

David Miller is appointed CEO of Investment Banking & Capital Markets (IBCM) and will join the Group Executive Board.

David draws on 22 years of experience at the firm. In his most recent role at the Bank, David was Global Head of Credit, Head of Global Credit Products and a member of the Global Markets Management Committee. Prior to this, he was Global Head of Leveraged Finance Capital Markets and US Co-Head of the Syndicated Loan Group. He also served as Co-Head Global Markets Americas and Co-Head Fixed Income Americas Operating Committees and has occupied a number of senior roles across origination and banking during his career.

David is an outstanding business leader, with a long track record of success. He is a recognized people leader and has a demonstrated ability to set strategy and implement it successfully.

Eric Varvel is appointed Chairman of IBCM, in addition to his existing responsibilities as CEO Asset Management and President and CEO Credit Suisse Holdings (USA), Inc. Harold Bogle, who was until now Chairman of IBCM will become Vice-Chairman, Group Executive Office.

During his career at the Bank, Eric has been a member of the Group Executive Board, CEO Investment Banking Division, CEO Asia Pacific, CEO Europe, Middle East and Africa and Chairman Middle East, Asia and Sovereign Wealth Funds. Over almost 30 years at Credit Suisse, across the US, Europe and APAC, Eric has demonstrated a unique track record of leading some of our most important businesses, building deep client relationships and developing key talent across the bank.

Harold Bogle joined the bank in 1981 and has led a number of our key product groups in Investment Banking over that time, including as Global Head of Financial Sponsor coverage and Co-Head Equity capital Markets-Europe. In his current role, Harold is a core member of the Operating Committee of the Investment Banking and Capital Markets division. Harold is Chair of the US Investment Banking Committee - Financing, and recently added leadership of the Leveraged Lending Remediation Program and the UHNW Group in IBCM to his responsibilities. The Vice-Chairman title recognizes the enormous client contribution which Harold has made over many years at Credit Suisse and his continued leadership across our IBCM activities.

Urs Rohner, Chairman of the Board of Credit Suisse said; “The Board of Directors would like to thank Jim for his strong commitment and excellent contribution to the bank over the past two decades. We look forward to welcoming David to the Executive Board of Credit Suisse. Credit Suisse will greatly benefit from his deep experience across capital markets and investment banking, combined with his broad client relationships both in the US and internationally.”

Tidjane Thiam, Chief Executive Officer of Credit Suisse said; “I want to thank Jim Amine for his invaluable contributions in building our leading Investment Banking footprint over many years and for his relentless dedication to our clients. His insight and knowledge across all aspects of Investment Banking have been, and will continue to be, of huge benefit to the firm and we look forward to his continued success in an exciting new venture for Credit Suisse where we believe we can unlock significant value for our clients going forward.”

“It is my pleasure to welcome David to the Executive Board. David is widely recognized as an outstanding leader with many years of experience. He has developed one of the best performing franchises of the bank in his previous role, innovating and delivering effective solutions for our clients. His client focus, his deep understanding of markets, his people leadership skills as well as his execution capabilities will put him in a strong position to lead IBCM forward.”

He continued; “With Eric Varvel as Chairman of IBCM and his long track record and experience in this activity, we are adding to the strength of our IBCM leadership team. He brings to the role his knowledge of international markets having run APAC and EMEA as well as of our Wealth Management and Asset Management divisions. He enjoys deep client relationships in all the key markets in which we operate.”