Credit Suisse Group has appointed Eric Varvel as CEO of the Europe, Middle East and Africa region.
Mr Varvel will report to Brady Dougan, CEO of Credit Suisse, and will be a member of the executive board. He will be based in London and assumes his role on February 1, 2008.
Mr Varvel succeeds Michael Philipp, who has been chairman and CEO of the Middle East and Africa region for the past three years. Mr 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 Mr Varvel. He will continue as chairman of the environmental business group of Credit Suisse.
Mr Varvel will work with the 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.
Mr Dougan said: Eric is one of our most respected leaders within the investment bank and brings to the regional role more than 20 years of investment banking and capital markets experience and a deep understanding of Credit Suisse.