Thomas departs Credit Suisse
Credit Suisse is on the hunt for a new head of retail funds following the departure of Brian Thomas from the organisation.
“He left Credit Suisse last Thursday to pursue other opportunities. We would like to thank him for his significant contribution to Credit Suisse over the last eight years and wish him well with his future endeavours,” a Credit Suisse spokesperson said.
Head of institutional business with the financial institution John Maragiannis will be responsible for Thomas’s duties in the interim period.
The news comes only months after the company had reorganised its distribution area.
Under the new framework the channel management and direct sales functions are purely focused on sales, with product development now being a stand-alone unit headed by Peter Chun.
Furthermore, neither the business solutions nor the marketing arms are contained in the distribution area anymore.
Thomas’s departure marks the third high profile exit from the company in recent months. It follows former head of retail distribution Chris Larsen’s move to Deutsche Asset Management and the announcement that current chief executive Andrew McKinnon will leave at the end of July.
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
