Credit Suisse has names the private of private banking for Gibraltar.

Credit Suisse’s markets group for the Channel Islands, Gibraltar and Singapore has appointed Marvin Cartwright as head of private banking, Gibraltar, effective immediately, this publication can exclusively report.

Cartwright reports jointly to Richard Algar as head of market group for the Channel Islands, Gibraltar and Singapore, and to Kerry Blight, chief executive of Gibraltar on a regional basis.

He brings more than 17 years of experience to the role, working in the Gibraltarian and related sectors. He joins Credit Suisse from Royal Bank of Scotland, where he performed a number of senior management roles, most recently as country head.

On 20 November, the Zurich-listed banking group said it was restructuring its wealth and asset management leadership, making executive board appointments that included putting private banking and asset management into a single division, coming at a time when Switzerland’s second-biggest bank has been looking to cut costs and streamline how it works.

The private banking and asset management divisions are being combined to form what the firm calls its Private Banking & Wealth Management Division. Hans-Ulrich Meister and Robert Shafir will partner in leading it, Credit Suisse said.