People Moves

Credit Suisse Brings Five-Person UK Team From UBS

Tom Burroughes Group Editor London 5 July 2019

Credit Suisse Brings Five-Person UK Team From UBS

The UK arm of the Swiss bank has named a new local chief operating officer and named others working with resident non-doms and in the impact investing space. They join from UBS.

Credit Suisse in the UK has brought over a number of senior figures from rival UBS. It has named a new chief operating officer, appointed a foundations expert and made hires in the impact advisory and resident non-domiciled client team.

Alistair Conner joined earlier in the year as COO for the legal entity of Credit Suisse UK, as well as the UK market area. Conner was previously COO of UBS Wealth Management UK, where he had worked since 2006 in a number of senior roles, including chief of staff and head of business and sales management. Before joining UBS, he ran programmes in the Royal Bank of Scotland Group, following a 13-year career with the Royal Air Force.  

In his new role Conner will report to Christian Berchem, CEO of Credit Suisse UK.

Helen McDonald joins in July as a director in the UHNW team and UK head of foundations and impact advisory services. McDonald will have dual roles between UK domestic, focused on developing the coverage of charity and foundation clients, and working with Marisa Drew, CEO of the Impact Advisory and Finance department, and her team to develop the IAF proposition for the International Wealth Management platform in the UK.

Previously at UBS Wealth Management, McDonald was most recently head of charities, foundations and social investing. Prior to UBS, she worked at Goldman Sachs Asset Management in London and Paris, before becoming a member of the investment committee of Trinity College Oxford. She has also worked at SG Warburg Securities and Kleinwort Benson Investment Management.
 
In terms of relationship managers, David Fagan, director, Brad Werner, vice president, and James Houstoun, vice president, also join from UBS Wealth Management this month. The three worked together on building out the UK resident non-dom business at UBS. At Credit Suisse they will primarily focus on RND and financial services professionals in the private equity and hedge fund industries.
 
Fagan was previously at UBS Investment Bank before moving to the wealth management division as a client advisor in 2012. Werner has worked in the industry for 12 years, starting at UBS in Melbourne in 2007. He left UBS in 2013 to establish a boutique wealth management firm in Australia, but returned to UBS on moving to the UK in 2016. Houstoun has spent the last eight and a half years at UBS, having joined as a graduate.

To seen a recent report about the head of the IWM unit stepping down, with a replacement being announced, see here.

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