Credit Suisse names Varnholt to succeed Hochberg as CIO

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Credit Suisse has named Burkhard Varnholt to succeed Anja Hochberg as chief investment officer, effective next month, the Swiss financial services giant announced today.

Varnholt, pictured, will take over the role of CIO while retaining his current tasks of deputy global chief investment officer and vice chairman of Credit Suisse’s Investment Committee, the company said.

The company didn’t say where Hochberg was going, or whether she was remaining with the company. She joined the group in 2001, and has been CIO since 2013. A Swiss publication said she was retaining her roles as head of investment services and a member of the investment committee.

As reported, Varnholt returned to Credit Suisse earlier this year, after having worked for the bank previously, from 1996 to 2006, as global head of Financial Products & Investment Advisory in its private banking operations.

From 2006 until 2014, he was CIO at Bank J. Safra Sarasin.

At Credit Suisse, he will report to both Michael Strobaek, global CIO and head of Investment Solutions & Products, and Thomas Gottstein, chief executive of Credit Suisse Switzerland.