Following the departure of Johanes Oeni to Deutsche Bank, Credit Suisse has promoted Claude Harbonn as the new market group head for Malaysia and Indonesia, according to an internal memo seen by FSA.
Harbonn reports to the head of wealth management for Asia Pacific, Benjamin Cavalli, and was most recently the co-head of advisory and sales for Apac at Credit Suisse.
Having over 20 years of wealth management experience, Harbonn joined the bank in 2008 and has previously worked at UBS, covering Indonesian ultra-high-net-worth clients.
Following Harbonn’s appointment, Credit Suisse has also promoted team leader for Indonesia Heinz Puth as the market group head for Indonesia and he will report to Harbonn.
Puth first joined Credit Suisse in 1986 before leaving the Swiss bank for Julius Baer in 2006.
He has held several senior position at Julius Baer including the deputy head of southeast Asia before rejoining Credit Suisse in 2018.
Both Puth and the market leader for Malaysia, Joyce Low, will report directly to Harbonn.
Moreover, Sascha Banz will become the sole head of advisory and sales for Apac and continue to be based in Hong Kong.
All changes will take effect next Monday.