Credit Suisse has named Burkhard Varnholt as CIO Switzerland as of January 2017, Varnholt will assume his new role in addition to his existing tasks as deputy global CIO and vice chairman of the Investment Committee at Credit Suisse.
He is set to replace current CIO Anja Hochberg, who has been with the group since 2001, having held the position of CIO Switzerland since 2013. Credit Suisse did not comment on whether Hochberg will remain with the group.
Varnholt rejoined Credit Suisse in November 2016, having worked for the bank from 1996 to 2006 as global head of Financial Products & Investment Advisory in Private Banking. From 2006 until 2014, he was CIO at Bank J. Safra Sarasin.
He will now report both to Michael Strobaek, Global CIO and head of Investment Solutions & Products, and Thomas Gottstein, CEO of Credit Suisse Switzerland.