The Credit Suisse Group has appointed Walter Knabenhaus as group chief risk officer. Knabenhaus takes up his new post at the start of next year and will report directly to Richard Thornburgh, the company's chief administrative and financial officer.

Knabenhaus's new position involves monitoring market and credit risks across the group's subsidiaries, including Credit Suisse, CS First Boston and Credit Suisse Financial Products.

Credit Suisse Group has also appointed Christoph Ammann as chief

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