By Robb M. Stewart
MELBOURNE, Australia--Credit Suisse Group AG (CS) has promoted
John Knox to drive the Swiss bank's operations in Australia,
succeeding Rob Stewart who is stepping down to join a
private-equity fund.
The appointment of Mr. Knox as chief executive and sole head of
the investment banking department in Australia comes weeks after
the Zurich-based bank lined up Tidjane Thiam, the CEO of U.K.
insurer Prudential PLC (PRU.LN), to replace long-serving CEO Brady
Dougan. That change was quickly followed by several changes to its
investment banking team, including naming two new co-heads of
global M&A.
Credit Suisse said Mr. Knox, who joined the bank in 1995, had
worked closely with Mr. Stewart for a number of years, particularly
since 2007 when he was named co-head of the investment banking arm
in Australia.
Mr. Stewart, who joined Credit Suisse in New York in 1990 before
relocating to Australia in 1999, will stay with the bank until
June. Credit Suisse said he is leaving to join Global
Infrastructure Partners LLC, an infrastructure-focused private
equity fund in which Credit Suisse was a founding investor.
Write to Robb M. Stewart at robb.stewart@wsj.com
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