People Moves
Credit Suisse Appoints Industry Luminary As Senior Advisor In Australia
A senior figure at EY has been brought in by the Swiss bank for its private banking business in Australia.
Credit Suisse
has appointed a former senior EY, Michael Wachtel, as a senior
advisor. Wachtel is based in Melbourne.
Wachtel will initially provide strategic advice to existing and
prospective Credit Suisse Private Banking clients. Subsequently,
the bank said it wants to make full use of Wachtel's experience
for its entire operations in the country.
Previously, Wachtel had been appointed by Federal Treasurer,
Scott Morrison and Finance Minister, Mathias Cormann to the Board
of the Future Fund. Prior to this he was non-executive chairman
(Asia Pacific & Oceania) of Ernst & Young (EY) (2010-2015) and a
member of the EY Global Governance Council (2007-2015).
After 14 years as a Partner in Andersen, he joined EY at the time
of the EY/Andersen merger in 2002.
