Tuesday, 2nd December 2008

 

Credit Suisse hires asset management head for UK

Credit Suisse has bolstered its UK asset management business with the hire of a new chief executive for asset management in the UK and Ireland.

Credit Suisse announced the appointment of David Norman to the newly created role based in London, reporting to JC Perrig, head of Europe, Middle East and Africa for the Swiss bank's asset management business.

Norman joins from Morley Fund Management where he was director of marketing and products. He brings a wealth of retail and institutional experience from a number of firms in the UK.

Prior to his role at Morley, Norman was divisional managing director for insight investments, retail and group marketing director for ISIS asset management and head of retail business development for prudential portfolio management.

Perrig said: "Despite turbulent markets, we have made significant progress in the UK recently with all our UK equity income products being top quartile, our multi-manager team launching two popular new multi-asset funds over 12 months and new UK fixed income and UK property teams now firmly established."

Tags: Credit Suisse , David Norman , Morley Fund Management

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Mayfair goes Modern

Sebastian + Barquet, a three-year old design gallery based in New York and Chelsea, is opening a new gallery showing museum quality pieces in Mayfair next month, the first in London to focus on international modernism from the 1940s to the 1960s. Its opening exhibition is dedicated to American modernist design and is curated by celebrated architect Eric Parry.

Rich Monitor

New York financier backs social networking portal for millionaires

Frank DeRose, the New York financier in charge of Furrata Capital, plans to invest at least $1m (€791,922) of his own money into Total Prestige, a 15-year-old worldwide social-networking company aimed at establishing an exclusive online community for millionaires, according to a report in New York Post.

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