GERMANY - Former BNP Paribas Asset Management MD, Axel Grosskreutz, has joined Credit Suisse's Asset Management (CSAM) division to act as its MD and head of the arm in Germany.
Effective as of 2 January 2007, Grosskreuzt will be responsible for the continued expansion of the firm's asset management business in Germany and Austria.
Prior to this Frankfurt-based appointment, Grosskreuzt was MD and head of institutional asset management at BNP Paribas Asset Management.
Upon selection, the new CSAM MD outlined his goals.
"Germany and Austria are very important markets for Credit Suisse. I am looking forward to my new task of promoting the sustained further development of our asset management activities in these countries," he said.
Mark Burgess, head of asset management for the EMEA region, commented: “Credit Suisse is already well positioned and an integrated global organisation. I am confident that Axel Grosskreutz, as an experienced expert with wide-ranging and in-depth knowledge, will be an excellent addition to our team."
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