Mr Fruithof will take over from Josef Meier, who has been designated chairman of the board of directors of the Neue Aargauer Bank. Mr Meier will remain a member of the regional management board of Credit Suisse Switzerland. In this role, he will drive forward initiatives and projects that are strategically important to Credit Suisse’s sustained success as an integrated bank. In addition, he will continue to represent the bank on a range of political and economic bodies.

Mr Fruithof was most recently CFO and member of the executive board of Raiffeisen Group. He has a degree in business economics and has an executive MBA from the University of St Gallen.

Ulrich Korner, CEO of Credit Suisse Switzerland, said: For more than 15 years, Barend Fruithof has helped shape key developments in the Swiss financial market and built up exceptionally broad expertise in a range of managerial positions. Barend Fruithof is therefore ideally suited to continue the successful expansion of the key corporate client business for Credit Suisse.

Credit Suisse would like to thank Josef Meier for his outstanding contribution to the bank’s success in Switzerland.