Credit Suisse Group has simplified its organisational structure by removing a layer of hierarchy in a revamp. Benjamin Cavalli, the bank’s regional wealth head for Asia-Pacific, said they have flattened the organisational structure so that they can be more agile and respond quickly to global trends. Balakrishnan Kunnambath, market group head for non-resident Indians (NRI), is appointed vice-chairman and strategic client lead for Southeast Asia and India. Puneet Matta will take the role of market group head for India and NRI, subject to regulatory approval. Dominique Boer will manage the Singapore booking centre. Johanes Oeni will also oversee the Malaysian market while Rickie Chan will take on the role of CEO for the Hong Kong branch from Jan 1, 2023. The appointments came after Young Jin Yee, Cavalli’s deputy, left to join Deutsche Bank.
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