Credit Suisse Appoints Burkhard Varnholt as Global Chief Investment Officer & Chairman of the Investment Committee, Succeeds Michael Strobaek & Report
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Credit Suisse Appoints Burkhard Varnholt as Global Chief Investment Officer & Chairman of the Investment Committee, Succeeds Michael Strobaek & Reports to CEO Wealth Management Francesco De Ferrari 29th April 2023 | Hong Kong
Credit Suisse has announced the appointment of Burkhard Varnholt as Global Chief Investment Officer & Chairman of the Investment Committee, succeeding Michael Strobaek and will report to Credit Suisse CEO Wealth Management Francesco De Ferrari. Credit Suisse: “In his new role, Burkhard Varnholt will report to Francesco De Ferrari, CEO Wealth Management, and join the Management Committee of the Wealth Management Division. Together with his teams, Burkhard Varnholt will continue to manage and position the Credit Suisse House View as well as lead and support the upcoming transition … … Burkhard Varnholt rejoined Credit Suisse in November 2016, having worked for the bank from 1996 to 2006 as Global Head of Financial Products & Investment Advisory in Private Banking. From 2006 until 2014, he was Chief Investment Officer at Bank J. Safra Sarasin. Thereafter, he was Chief Investment Officer and Head of Investment Solutions Group at Julius Bär for almost two years. Burkhard Varnholt holds a Master’s Degree and a Ph.D. in economics from the University of St. Gallen. Under Michael Strobaek’s strong leadership during his 10-year tenure, the Credit Suisse House View was re-positioned as a strategic and differentiating feature for Credit Suisse clients.” See below for full statement.
“ Credit Suisse Appoints Burkhard Varnholt as Global Chief Investment Officer & Chairman of the Investment Committee, Succeeds Michael Strobaek & Reports to CEO Wealth Management Francesco De Ferrari “
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Credit Suisse Appoints Burkhard Varnholt as Global Chief Investment Officer & Chairman of the Investment Committee
Credit Suisse Zurich 27th April 2023 – Burkhard Varnholt is to become Global Chief Investment Officer (CIO) and Chairman of the Investment Committee of Credit Suisse with effect from May 8, 2023. He has served as Deputy Global CIO and Vice-Chairman of the Investment Committee since 2016, and will assume the role from Michael Strobaek, who has decided to pursue a new opportunity outside the bank.
In his new role, Burkhard Varnholt will report to Francesco De Ferrari, CEO Wealth Management, and join the Management Committee of the Wealth Management Division. Together with his teams, Burkhard Varnholt will continue to manage and position the Credit Suisse House View as well as lead and support the upcoming transition.
Burkhard Varnholt rejoined Credit Suisse in November 2016, having worked for the bank from 1996 to 2006 as Global Head of Financial Products & Investment Advisory in Private Banking. From 2006 until 2014, he was Chief Investment Officer at Bank J. Safra Sarasin. Thereafter, he was Chief Investment Officer and Head of Investment Solutions Group at Julius Bär for almost two years. Burkhard Varnholt holds a Master’s Degree and a Ph.D. in economics from the University of St. Gallen.
Under Michael Strobaek’s strong leadership during his 10-year tenure, the Credit Suisse House View was re-positioned as a strategic and differentiating feature for Credit Suisse clients. Credit Suisse’s House View is an integrated, specialist driven, interdisciplinary, and performance oriented global investment process with a strong focus on accountability across all steps of the value chain. This disciplined process has generated many decisive investment calls over the years adding significant value to clients’ portfolios over time.
Credit Suisse
Credit Suisse is one of the world’s leading financial services providers. The bank’s strategy is built on its leading Wealth Management and Swiss Bank franchises, with strong Asset Management as well as Markets capabilities. Credit Suisse seeks to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. The bank employs more than 50,000 people. The registered shares (CSGN) of Credit Suisse Group AG are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
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