NEW YORK, Aug. 12, 2015 /PRNewswire/ -- Credit Suisse
announced today that Pedro Jorge
Villarreal will become the Chief Executive Officer of
Mexico, effective immediately. Our
leading Mexico franchise has grown
significantly over the past half-century into a fully integrated
Investment Bank, Private Bank and Asset Management
business.
Pedro Jorge Villarreal, a 15-year
veteran of Credit Suisse, will be taking over the country CEO role
from Hector Grisi who is leaving the
bank. Mr. Villarreal will continue to hold his current role as the
co-head of the Investment Banking Department for Latin America, excluding
Brazil. Previously, he led the Investment Banking Department
in Mexico for five years and
helped build an award-winning Latin
America franchise that holds a consistent top ranking in the
league tables.
Robert Shafir, CEO of Credit
Suisse Americas Region, said: "I am thrilled that Pedro Jorge Villarreal, an established and
recognized leader in our Latin
America franchise, will be taking on this leadership role as
country CEO for Mexico. Mexico's growing economy brings with
it a need for increased financial intermediation, wealth creation
and deeper capital markets - and Credit Suisse is uniquely
positioned to meet these needs. I expect our success in
Mexico to continue under the
leadership of Mr. Villarreal. I would also like to thank Mr. Grisi
for his considerable contributions during his many years at the
bank."
This appointment marks a natural progression for Mr. Villarreal
and for Credit Suisse in Mexico,
where the bank dominates the Equities business as the biggest
trader on the local stock exchange for four years in a row and the
No. 1 underwriter for initial public offerings and follow-on equity
issuance. The bank has also maintained a top 3 position in Debt
Capital Markets and a top 5 spot in onshore Private Banking, while
building out our Asset Management business and offering clients
top-tier equities and fixed income research.
Credit Suisse AG
Credit Suisse AG is one of the
world's leading financial services providers and is part of the
Credit Suisse group of companies (referred to here as 'Credit
Suisse'). As an integrated bank, Credit Suisse offers clients its
combined expertise in the areas of private banking, investment
banking and asset management. Credit Suisse provides advisory
services, comprehensive solutions and innovative products to
companies, institutional clients and high-net-worth private clients
globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich and operates in over 50
countries worldwide. The group employs approximately 46,400 people.
The registered shares (CSGN) of Credit Suisse's parent company,
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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SOURCE Credit Suisse AG