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The chief executive of Credit Suisse Americas, Antonio Quintella, has been been appointed chairman of Credit Suisse Hedging-Griffo, the firm’s Brazilian asset and wealth management business.

The Swiss bank bought a majority stake in Hedging-Griffo in 2007.

“As the former CEO of Brazil and CEO of Credit Suisse Americas, Antonio Quintella is ideally qualified to further develop Credit Suisse’s wealth management business and to deliver the integrated bank to clients in one of our most dynamic growth markets,” the Zurich-listed bank said in a statement today.

In his new role, Quintella will relocate to São Paulo and report to Hans-Ulrich Meister, CEO of Credit Suisse Private Banking, and to Robert Shafir, CEO of Credit Suisse Asset Management. As a result of the changes, Quintella will step down from the executive board of Credit Suisse, effective 31 May.

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