10:11 AM
Credit Suisse Appoints New Head of Asset Management
Credit Suisse has appointed Sai Tampi as a director and head of multi asset class solutions (MACS) for India. In this newly created role, Tampi will be responsible for overseeing MACS operations in India, growing the bank’s discretionary business for Credit Suisse’s wealth management business in India and the South Asia markets. He will be based in Mumbai and will report to Alex Buerge, head of MACS Asia Pacific & the Middle East, and regionally to Puneet Matta, head of Wealth Management in India.
"We are very pleased that Sai has joined our team. We continue to implement the MACS International growth strategy, and the expansion of our global footprint is demonstrated with this appointment. Additionally, Sai's industry experience and client relationships will add tremendous value to our MACS India platform," said Dani Brupbacher, head of MACS for Credit Suisse, in a press release. "I am very excited about working with the MACS team to further expand the business in India. Credit Suisse’s established presence and strong track record in India presents a unique opportunity for us to build our MACS platform in this dynamic market," Tampi added.
Credit Suisse is committed to the Indian market and has expanded its presence on the subcontinent for the past two years. In 2007, the Bank launched its India brokerage operation and obtained a merchant banker license in India. Most recently, it was granted a portfolio management license to provide high net worth individuals as well as family-owned businesses and entrepreneurs in India with a comprehensive range of local and international investment products and services. In addition, Credit Suisse’s Pune Centre of Excellence now employs 1,300 people to support the Bank’s business activities globally.