Credit Suisse today announced that Michael Strobaek will join the bank as Chief Investment Officer for the Private Banking & Wealth Management division, effective May 1, 2013. In addition to this role, Strobaek will head the newly established Investment Strategy and Research Group within the division. He will report to Robert Shafir, Head Private Banking & Wealth Management Products.
The Investment Strategy and Research Group is comprised of the Global CIO Office, Research for Private Banking & Wealth Management, Regional CIOs and additional groups within the division that produce complementary investment content. Giles Keating, Head of Research for Private Banking & Wealth Management, will assume the role of Deputy Head of the Investment Strategy and Research Group in addition to his current role. Research will partner closely with the CIO office on actionable ideas, while retaining the independence of process.
Robert Shafir, Head Private Banking & Wealth Management Products, said: “We’re excited to have Michael joining Credit Suisse. He brings significant experience in financial markets to this role, including managing international investment management businesses. Michael’s skill set will enhance our ability to deliver our investment views and themes for the benefit of clients across all segments.”
Hans-Ulrich Meister, Head Private Banking, added: “The creation of the Investment Strategy and Research Group is an important step for the Private Banking & Wealth Management Division. It will enhance the value proposition for our clients. We look forward to working with Michael and are pleased to have him as part of our team.”
Michael Strobaek joins Credit Suisse from a Swiss family office, where he was CEO and CIO. Prior to that, Mr. Strobaek spent 13 years at UBS in a number of senior positions, most recently Head of Investment Management for Wealth Management, and prior to that Global Head of Investment Solutions.