Credit Suisse hires another former UBS executive

FWR Staff

7 March 2007

Stewart Brenner joins his old chief Anthony de Chellis at CS private bank. Credit Suisse has hired former UBS executive Stewart Brenner to help develop its private-banking business in the western hemisphere. He reports to Anthony de Chellis, who was his boss at UBS.

"Stewart is a highly-talented banking executive and we are delighted to have him join Credit Suisse," says de Chellis, head of Credit Suisse Private Banking Americas. "He will be instrumental in helping to drive the continued growth of our private banking franchise in the U.S. and Latin America."

Meet the new boss

De Chellis left UBS in May 2006 for Credit Suisse. Former JPMorgan Chase executive John Straus replaced him as head of UBS Wealth Management U.S. in October 2006.

Brenner is the former COO of that outfit. His resume also includes stints at S&Y Asset Management, Merrill Lynch and Goldman Sachs.

Now, as a managing director of Credit Suisse Private Banking Americas, New York-based Brenner will work with members of the private bank's regional management committee to develop market expansion strategies and recruitment initiatives with particular emphasis on growth in the U.S.

In the U.S., Credit Suisse Private Banking Americas operates out of 13 offices and works with wealthy individuals and families. -FWR