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Credit Suisse makes management changes in Asia-Pacific

Credit Suisse Group AG named Michael Marr head of private banking Australia, effective Aug. 1.

Marr, who is currently the market leader for the Swiss lender's private banking division in Australia, will take over from Alex Wade, who has run the business since January 2016.

Marr will continue to be based in Sydney and will report to Wade, currently head of developed and emerging Asia for private banking, and John Knox, CEO for Australia.

Meanwhile, Credit Suisse appointed Andy Tan as head of syndicate for Southeast Asia in its Asia-Pacific financing group, in the week of July 23.

Tan will be responsible for the syndication and distribution of financing transactions across the entire Asia-Pacific financing group product spectrum for the bank's entrepreneur, corporate, institutional and sovereign clients in Southeast Asia and frontier markets.

Tan, who joins Credit Suisse after 11 years with United Overseas Bank Ltd., will be based in Singapore and report to Sergio Morita, head of Asia-Pacific financing group syndication and distribution.