Credit Suisse Group AG announced that Iqbal Khan, CEO International Wealth Management and member of the Executive Board of Credit Suisse Group AG, would be leaving Credit Suisse to continue his career outside the company.
Philipp Wehle, currently chief financial officer of International Wealth Management, will succeed him on 1 July 2019. The Board of Directors appointed Philipp Wehle a member of the Executive Board of Credit Suisse Group AG.
Tidjane Thiam, CEO of Credit Suisse said: "International Wealth Management has delivered strong financial results, while enhancing our client franchise and achieving industry leading growth over the period. I thank Khan for the strong results he delivered during his time leading IWM and wish him well."
Khan joined Credit Suisse in 2013 as CFO Private Banking & Wealth Management and was appointed CEO International Wealth Management and member of the Executive Board in 2015. Prior to this he was with Ernst & Young, Switzerland, in various positions, since 2011 as managing partner Assurance and Advisory Services - Financial Services, and member of the Swiss Management Committee.
Wehle joined Credit Suisse in 2005. He has been chief financial officer of International Wealth Management since the inception of the division in 2015. Prior to that, he held senior management roles in finance and strategy in our Swiss business and International Private Banking. From 2011 until 2012, he was based in Singapore heading the Private Banking Asia Pacific Finance team. Wehle is a Board member of CS InvestLab AG and Credit Suisse Asset Management & Investor Services (Schweiz) Holding AG. He also serves as co-head of Finance of International Trading Solutions.