Credit Suisse appoints Head of Private Banking Australia

Credit Suisse has announced the internal appointment of Michael Marr as head of Private Banking Australia, effective 1 August 2018.

In his new role, 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 Wade, who has run the business since January 2016.

Marr first joined Credit Suisse Private Banking Australia in 2009 as a senior relationship manager, before taking on the management role of team leader in 2013 and his current role as market leader in 2017.

Commenting on his appointment, 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."