Corporate Press Release

Press Release

Credit Suisse Appoints Michael Marr as Head of Private Banking Australia

Credit Suisse today announced the appointment of Michael Marr as Head of Private Banking Australia, effective August 1. Mr. Marr will continue to be based in Sydney and will report to Alex Wade, Head of Developed and Emerging Asia for Private Banking, and John Knox, Chief Executive Officer for Australia. He takes over from Mr. Wade, who has run the business since January 2016.

Mr. Marr is currently the Market Leader in Credit Suisse Private Banking Australia, overseeing Relationship Management teams in Sydney and Melbourne. Mr. Marr first joined Credit Suisse Private Banking Australia in 2009 as a Senior Relationship Manager, before taking on the management role of a Team Leader in 2013 and Market Leader in 2017.

 Mr. Marr has 14 years’ experience in the Private Banking industry in Australia, having worked previously for the Macquarie Group. Prior to this he worked in Debt Capital Markets at the Royal Bank of Canada and Hambros Bank. He began his career in the military, serving seven years in the British Army in the Scots Guards regiment.

 Mr. Wade commented that Mr. Marr brings to the role a very strong operational and industry background, clear leadership skills and has developed many deep client relationships.

Mr Wade said: "Michael has played an instrumental role in building and driving our business over the years at Credit Suisse, and is well-positioned in assuming this critical role to further grow our Australian Private Banking franchise. Australia is a key priority market in Credit Suisse's strategy of expanding the regional onshore Private Banking footprint in the world’s largest wealth markets."

"Last year, Private Banking Australia celebrated its 10 year anniversary in Australia, having built a strong franchise on the pillars of superior advice and service, access to global research, multi-asset class investment opportunities and solutions, while introducing our latest digital technology to further enhance our client experience."

Mr. Knox added: "Our private bank has grown considerably over the last three years by providing our clients with comprehensive financial solutions, excellent service and insightful investment advice. Underpinning that success has been our integrated platform comprising Private Banking, Investment Banking and Capital Markets, and Equities. Michael’s extensive experience, leadership and insights will be instrumental in continuing this growth in partnership with all our businesses."

Mr. Marr said he was excited to be appointed to the role. "I am very much looking forward to building on the remarkable success that Credit Suisse Private Banking has had over the past 10 years in Australia. The consistent focus on quality Investment solutions coupled with the delivery of market leading digital technology to our clients will remain the number one priority of the business."

Credit Suisse has received multiple international and regional awards in recognition of its leading Private Banking market position in Australia. These include the Australian Private Banking Awards – Outstanding services to UHNW clients with assets of AUD 30 million or more (2014, 2013, 2012, 2011), Euromoney Best Private Bank Australia (2018, 2017, 2012, 2011), and Asian Private Banker Best Private Bank Australia (2017, 2015, 2014, 2011).