Credit Suisse has appointed former PricewaterhouseCoopers partner Michael Knoll as head of its onshore Russian private banking business, effective today.

Credit Suisse has appointed former PricewaterhouseCoopers partner Michael Knoll as head of its onshore Russian private banking business, effective today, this publication has learned.

Knoll will be based in Moscow, developing the bank’s wealth management business in the country. He joins Credit Suisse from PwC, where he was a partner and head of the mergers and acquisitions advisory group within the corporate finance department, based in Moscow.

Prior to working at PwC, Knoll was a transaction manager and a senior member of the risk transformation and capital management team at UBS in Zurich. During his nine year tenure at UBS, he also worked as a client relationship manager, credit officer and credit analyst.

The Swiss bank has made a number of senior appointments recently. As exclusively reported by WealthBriefing last week, Credit Suisse said a former veteran top manager at Royal Bank of Canada, Phil Cutts, is joining its private banking business in the UK, taking up the post of managing director and joining its executive committee, effective 11 April. Later this year, Cutts becomes chief executive at the private bank, after a transition period, working with existing CEO Mark Hirst.

There have also been departures. The private bank in the UK has seen the departure of its head of the Nordics and Israel for JP Morgan. Pontus Aldell had headed up the Nordics and Israel private banking team at Credit Suisse in London since December 2009, overseeing a team covering ultra high net worth private clients, institutions and foundations.