De Ferrari ditches Credit Suisse for AMP – an altogether different job

Francesco de Ferrari was running private banking for Asia at Credit Suisse – arguably one of the most important and well-positioned roles in the bank – so why has he given it up to become CEO of beleaguered Australian wealth manager AMP, a place so toxic it lost its chief executive and chairperson within a fortnight in April?

Francesco-de-Ferrari-300

Francesco de Ferrari

The news that Francesco de Ferrari is to leave his role as head of Asia-Pacific private banking at Credit Suisse to take on the CEO job at troubled Australian wealth manager AMP has taken the industry by surprise.

De Ferrari is leaving a powerful job at Credit Suisse, where he has worked for 17 years. It is arguably one of the most important in the whole bank: private banking is core to Credit Suisse’s recovery, and Asia is the most dynamic part of it.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access