Berchem will take the reins from Philip Harris, who has led the business over the past three years, on 7 June, subject to regulatory approval.

Credit Suisse has named Christian Berchem as chief executive of its UK private banking business.

Berchem is set to join the Swiss banking giant from Barclays Wealth, where he most recently acted as head of the firm's private bank for London. In that role, he helped drive the group's key client and ultra-high net worth businesses. 

Prior to his time with Barclays, Berchem spent a nine-year stint with JP Morgan, where he held a number of senior roles that included head of European cash equity sales. Earlier in his career, he also worked at Merrill Lynch, Morgan Stanley and KPMG.

Berchem will take the reins from Philip Harris, who has led the business over the past three years, on 7 June, subject to regulatory approval. Harris will remain CEO until Berchem takes over to ensure a seamless handover, Credit Suisse says, adding that he will then become a senior client advisor within Credit Suisse's UK private bank. 

Berchem will report to Claudio de Sanctis, head of international wealth management, Europe. 

''I thank Philip for his strong contribution in transforming our UK platform,” said de Sanctis.

He added: “At the same time, I am delighted to welcome Christian to Credit Suisse UK, ensuring our continued success as a leading wealth manager in one of our key markets in Europe. He brings a wealth of experience in financial services along with a strong client focus and an in-depth knowledge of the industry, helping us accelerate the platform’s strategic development and attract top talent. 

“I’m convinced that Christian’s experience both in investment and private banking will help us achieve new levels of growth and profitability. We remain firmly committed to the UK private banking business as part of our strategy to capitalise on London’s appeal to international mobile wealth as well as UHNW clients.’’