Credit Suisse has appointed Richard Algar as its new head of regional UK business for the onshore private bank. The position is a new one an...

Credit Suisse has appointed Richard Algar as its new head of regional UK business for the onshore private bank. The position is a new one and Mr Algar was promoted from within Credit Suisse where he was a relationship manager specialising in northern England. A spokeswoman for Credit Suisse told WealthBriefing that the appointment was part of the bank's efforts to strengthen its presence throughout the regions in the UK. "The bank has identified this as an area to concentrate on," said the spokeswoman, but was unable to add any additional information about the strategy. In addition to his current responsibility for the existing north regional team, Mr Algar will be responsible for developing the bank's regional business in existing locations throughout the Thames Valley, Midlands and North East regions. He will also be looking for further opportunities to expand the bank's regional coverage.