Credit Suisse Group appoints Eric Varvel as CEO for Europe, Middle East and Africa

Published: 10 January, 2008

London and Zurich -- Credit Suisse Group has appointed Eric Varvel as Chief Executive Officer of its Europe, Middle East and Africa (EMEA) region, effective 1 February 2008. Varvel will also be on the group's Executive Board and be based in London, reporting to Brady W Dougan, Chief Executive Officer of Credit Suisse.

Eric Varvel (pictured) succeeds Michael Philipp, who has been Chairman and CEO of the EMEA region for the past three years. Michael Philipp will step down as a member of the Executive Board to assume a new role as Chairman of the Middle East and Africa, focusing on strategic clients in the region, working closely with Eric Varvel. Michael Philipp will continue as Chairman of the Environmental Business Group of Credit Suisse.

Eric Varvel will work with the Credit Suisse Group's Investment Banking, Private Banking and Asset Management businesses, leading the integrated bank in the region. He will assume this role in addition to his responsibilities as Co-Head of the Global Investment Banking Department and Head of the Global Markets Solutions Group in the Investment Bank.

Eric Varvel has been with Credit Suisse for seventeen years in a variety of senior roles. For the past three years, he has been based in New York as Co-Head of the Global Investment Banking Department and Head of the Global Markets Solutions Group in the Investment Banking Division of Credit Suisse and has served as a member of the Investment Banking Division Management Committee.