Credit Suisse has announced a change at its executive board, along with a number of additional appointments, effective immediately.
James L. Amine has decided to step down from his role of CEO of IBCM and from the Group Executive Board, after leading that activity successfully for more than ten years in order to take on a newly created role as head of Private Credit Opportunities, based in New York.
"This is a significant and strategic opportunity for the firm and builds upon our Asset Management strategy. The business will expand our alternative asset management product offering and focus on directly sourced private credit opportunities," the bank said.
The new role draws on Amine's extensive knowledge of the global capital markets and his deep client relationships. He will report to Eric Varvel.
Throughout his 22-year tenure at Credit Suisse, Amine has built a track record of success, shaping and leveraging our leading Investment Banking franchise over that period, most recently in his capacity as CEO of IBCM, since 2015. Under his leadership, the bank has cemented leading positions across many industry and product groups, advising our clients in some of the largest cross border M&A and financing transactions in recent years.
David Miller is appointed CEO of Investment Banking & Capital Markets (IBCM) and will join the Group Executive Board.
Millerdraws on 22 years of experience at the firm. In his most recent role, he was global head of Credit, head of Global Credit Products and a member of the Global Markets Management Committee. Prior to this, he was global head of Leveraged Finance Capital Markets and US co-head of the Syndicated Loan Group. He also served as co-head Global Markets Americas and co-head Fixed Income Americas Operating Committees and has occupied a number of senior roles across origination and banking during his career.
Eric Varvel is appointed chairman of IBCM, in addition to his existing responsibilities as CEO Asset Management and president and CEO Credit Suisse Holdings (USA). Harold Bogle, who was until now chairman of IBCM will become vice-chairman, Group Executive Office.
During his career at the Bank, Varvel has been a member of the Group Executive Board, CEO Investment Banking Division, CEO Asia Pacific, CEO Europe, Middle East and Africa and chairman Middle East, Asia and Sovereign Wealth Funds. Over almost 30 years at Credit Suisse, across the US, Europe and APAC, he has demonstrated a unique track record of leading some of our most important businesses, building deep client relationships and developing key talent across the bank.
Harold Bogle joined the bank in 1981 and has led a number of our key product groups in Investment Banking over that time, including as global head of Financial Sponsor coverage and co-head Equity capital Markets-Europe. In his current role, he is a core member of the Operating Committee of the Investment Banking and Capital Markets division. Bogle is chair of the US Investment Banking Committee - Financing, and recently added leadership of the Leveraged Lending Remediation Program and the UHNW Group in IBCM to his responsibilities. The vice-chairman title recognizes the enormous client contribution which Bogle has made over many years at Credit Suisse and his continued leadership across our IBCM activities.