Credit Suisse chief resigns
Credit Suisse Asset Management (CSAM) chief executive Andrew McKinnon has ended an 11-year stint at the Switzerland-based fund manager’s Australian operation.
He will officially leave CSAM at the end of July, having held the chief executive role since January 1995.
A CSAM spokesperson said a recruitment firm had been appointed to conduct a search for McKinnon’s replacement.
CSAM could not say where McKinnon will go when he leaves at the beginning of August.
“Over the course of the next five months [McKinnon] will work with local and global senior management and the board to assist with the recruitment of the new chief executive officer and the smooth transition to his successor,” the spokesperson said.
McKinnon’s resignation comes just a month after CSAM head of retail distribution Chris Larsen left to take up the same role at Deutsche Asset Management (DAM).
Larsen will begin his new job in mid-February, and will be responsible for growing the retail business of DAM, which will be launching new global and alternative investment funds later in the year.
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