Fawzi Kyriakos-Saad has been appointed chief executive of Credit Suisse Russia, according to local news source Kommersant.

In his new capacity, Mr Kyriakos-Saad will be responsible for private capital, investment banking and asset management in Russia. He will be based in Moscow and will report to Eric Varvel, Credit Suisse chief executive for EMEA. He will also retain management roles in the CIS and Turkey.

Mr Kyriakos-Saad’s previous role was as Credit Suisse general director for Russia, the CIS and Turkey. He is also a member of the operations committee for EMEA. Before joining Credit Suisse in 2006, he held various positions in JPMorgan Chase concerned with fixed income instruments and developing markets and before that at Goldman Sachs in New York and London.