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Credit Suisse appoints Michael Ingelog chief executive of Nordics

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Credit Suisse has appointed Michael Ingelog as chief executive officer of the Nordic region.

Ingelog will report to Eric Varvel, chief executive of the Europe, Middle East and Africa region, and joins in January 2010.

He will initially be based in London and will relocate to the Nordic region over time.

Ingelog will be responsible for Credit Suisse’s business in the Nordic region across private banking, investment banking and asset management divisions. This newly created role will facilitate the execution of Credit Suisse’s integrated bank strategy in the region.
 
Varvel says: "This senior appointment underscores our commitment to the Nordic region. With a highly developed pension fund system and a mature financial services market, we see significant growth opportunities for Credit Suisse across the Nordic region.”
 
Credit Suisse intends to open an office in Stockholm, Sweden by early 2010, subject to regulatory approvals. Credit Suisse has recently invested in its Nordic business with the appointment of a Nordic equities team based in London, including Fredrik Warneryd and Anders Borjefors who joined from UBS in July 2009, and Linda Gustafsson and Sebastian Hagman. In addition, Andreas Hakansson also joined from UBS where he was banks analyst and head of research, Nordics.
 
Ingelog joins Credit Suisse from Deutsche Bank where he was a managing director and head of institutional client group for Nordic and the Netherlands. He was responsible for sales and trading across all asset classes in to the Nordic region and for sales into Holland.

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