Credit Suisse has announced its second senior level appointment in its International Wealth Division in as many days, adding Burkhard Varnholt as its newest Deputy Global Chief Investment Officer, according to a Credit Suisse statement.
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Mr. Varnholt joins Credit Suisse in November, and will assume the mantle of responsibility for its investment capabilities across the International Wealth Division. Officially, he will serve Credit Suisse as its Deputy Global Chief Investment Officer in Investment Solutions & Products (IS&P). Mr. Varnholt will be based out of Zurich and report to Michael Strobaek, Credit Suisse’s Global CIO and Head of Investment Solutions & Products.
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His appointment will also see him step into the role of Vice-Chairman of the Credit Suisse Investment Committee as well as membership on the IS&P Management Committee. Currently, Credit Suisse’s IS&P boasts a detailed framework that includes robust considerations to Research, Strategy, Advisory, Product Selection, Investment Delivery and Mandate Solutions.
Burkhard Varnholt joins Credit Suisse from Julius Bär, having served as its Chief Investment Officer. Additional roles include similar positions at Bank Sarasin, part of a two decade career in the financial services industry.
According to Michael Strobaek, Global CIO and Head of Investment Solutions & Products in a recent statement on the appointment: “Burkhard Varnholt will support us in further developing our global investment engine. He will significantly contribute to translating our global views into actionable investment ideas and solutions and further advancing our ambitious goals in IS&P.”
Earlier this week, Credit Suisse made another senior appointment, adding Eric Varvel as the Global Head of the Asset Management, part of its International Wealth Management division. The promotion is the latest for Mr. Varvel at Credit Suisse, who will be succeeding Bob Jain.