The new hire will be a managing director within the division.

Swiss banking group Credit Suisse has appointed Alexandra Dhavernas von Elverfeldt as managing director of its international wealth management division.

She will report directly to Iqbal Khan, chief executive of IWM.

Dhavernas von Elverfeldt has three decades of global experience in advising family offices and family-owned companies. Prior to Credit Suisse, Dhavernas von Elverfeldt founded and served as CEO of Trocadero Corporate Finance, an investment banking and advisory firm. She also worked for the Quilvest Group for more than a decade and was CEO of Quilvest Capital Germany for five years.

In her new role, she will advise and serve ultra-high net worth (UHNW) families and individuals in European markets. She will advise them on investment topics, as well as strategic and governance aspects, while helping them to navigate areas of growing interest and importance, such as impact investing and the wealth transfer to the next generation.

“Alexandra has an impressive track record and proven commitment to serving entrepreneurs and families,” said Khan. “This combined with our holistic capabilities to serve our clients across their complex private and corporate lifecycle will be instrumental in strengthening our tailor-made approach for UHNW clients in Europe.”

Yesterday, this publication reported that Credit Suisse, which like some of its international peers has cut jobs to curb costs and bolster profitability, is taking out a management layer in Switzerland, a move likely to be followed in other parts of its business empire.