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Local Tech Wire
RESEARCH TRIANGLE PARK, N.C. – Swiss banking giant , which employs some 1,000 people in the Triangle, is getting a new chairman in 2011 and also is planning to expand its local workforce.
Credit Suisse said Thursday at its headquarters in Zurich, Switzerland, that current Vice Chairman Urs Rohner would replace Hans-Ulrich Doerig. Doerig took over the bank in April of this year.
Rohner has been a member of the Credit Suisse executive board for five years.
"I believe that continuity, consistency and the orderly transfer of responsibilities are at the heart of Credit Suisse’s success," Doerig said in a statement, according to Reuters.
"Credit Suisse has established a very strong position in the aftermath of a very challenging period for the industry and we have a great opportunity to continue to build on our differentiated, client focused and capital efficient business model," TheStreet quoted him as saying.
Credit Suisse reported a $2.38 billion profit in the third quarter, reversing a loss of more than $1 billion a year earlier.
The bank’s growth is leading to an expansion of its RTP operation, both The News and Observer and the Triangle Business Journal reported on Wednesday. Separate spokespersons for Credit Suisse told the papers that it would add some 300 employees starting in January.
Many of the positions will be related to information technology.
Last month, Credit Suisse sold back to the Research Triangle Foundation some 35 acres of land that it had acquired as part of its establishment of an RTP operation.