Credit Suisse appoints Ingelog for Nordic private banking

Michael Ingelog is to join Credit Suisse as chief executive officer for the Nordic region, a newly created position that includes responsibilities for private banking, investment banking and asset management. Ingelog will report to Eric Varvel, chief executive officer of Credit Suisse for the Europe, Middle East and Africa region and joins in January 2010. He will initially be based in London but will eventually relocate to the Nordic region.

The Swiss bank intends to open an office in Stockholm, Sweden by early 2010, subject to regulatory approval. Credit Suisse has recently invested in its Nordic operations with the appointment of a Nordic equities team based in London, including Fredrik Warneryd and Anders Borjefors, who joined from UBS in July 2009, as well as Linda Gustafsson and Sebastian Hagman. Andreas Hakansson has also joined from UBS where he was banks analyst and head of research, Nordics.

Ingelog joins from Deutsche Bank, where he was a managing director and head of the Institutional Client Group for Nordic and the Netherlands, and was responsible for sales and trading across all asset classes in the Nordic region and for sales in Holland. Before joining Deutsche in 2006, Ingelog spent six years as an executive director and head of derivative sales at UBS. He started his sales career in 1991 at Handelsbanken in Stockholm.