Swiss investment banking giant Credit Suisse has announced on Tuesday about the hiring of Martin Mende as its new head of strategies and initiative areas.
Mende will join the bank on October 1 and will replace Daniel Hunziker for the role, who will be moved to head the bank’s institutional client business.
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He is a veteran when it comes to the banking sector and has held various management positions in business development and consulting in the past 25 years.
Commenting on the new appointment, André Helfenstein, CEO of Credit Suisse (Switzerland), said: “We are delighted to have won Martin Mende, a proven strategy expert with extensive experience in the Swiss and international banking sector. As Head of Strategy & Initiatives and a member of the Executive Board of Credit Suisse (Switzerland) Ltd., Martin Mende will make a decisive contribution to further strengthening Credit Suisse’s position as a leading universal bank in Switzerland.”
A seasoned banking veteran
This is his second tenure of Mende at Credit Suisse as he was a part of the bank from 1999 to 2012. Then, he oversaw the bank’s business development in the global private client business and the Swiss retail and corporate client segment.
He is joining the bank from Boston Consulting Group where he is serving as a partner since 2012. Mende’s role there is to advise domestic and international financial institutions on strategy and transformation.
Meanwhile, the bank is also undergoing major changes recently to cope up with events like Brexit. Finance Magnates earlier reported on its decision to move its investment banking hub from London to Madrid. Credit Suisse also applied for a banking license from the Spanish regulators.
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