Osama Abbasi will become the new Asia-Pacific CEO at Credit Suisse on October 1, taking over from Kai Nargolwala who will assume the role of non-executive chairman, the bank announced yesterday. Abbasi is currently head of equities in the region and, as such, has been at the forefront of the bank’s successful shift to a more client-focused strategy over the past couple of years. He has been with Credit Suisse since 1996 when he joined a former derivatives subsidiary in the US.
By comparison, Nargolwala joined Credit Suisse less than three years ago, in January 2008, after 10 years with Standard Chartered, and the fact that he is stepping down from the day-to-day running...
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