Credit Suisse has appointed Phil Swatzell as managing director and Head of the Dallas office of Private Banking USA with immediate effect.

Mr Swatzell will be responsible for continuing to grow Credit Suisse's domestic wealth management business in the Dallas market. He will be based in Dallas and will report to Peter Skoglund, managing director and head of the Central Region of Private Banking USA.

Mr Swatzell joins Credit Suisse from US Trust Company, where he was a managing director responsible for new business development in the Southwest region, based in Dallas. Prior to that, he spent 17 years working in Chicago for Salomon Brothers, Credit Suisse First Boston and Dearborn Partners, LLC. Mr Swatzell began his career in Dallas, where he spent nine years with Salomon Brothers.

Private Banking USA operates out of 16 offices across the US.