Credit Suisse has announced plans to launch private banking operations in Japan by end of this year and that it has appointed Junya Tani as head of Private Banking in Japan.

He joins Credit Suisse from UBS Securities Japan, where he has been head of wealth management for Japan. Prior to UBS, he worked for Citigroup where his last position was head of product development in the private banking division.

Mr Tani will join Credit Suisse, Tokyo Branch on 22 July 2008.

The bank's Private Banking business provides comprehensive advice and a broad range of investment products and services tailored to the complex needs of high-net-worth individuals globally. Establishing operations in Japan is an important part of Credit Suisse's expansion of its Private Banking business globally.

Marcel Kreis, head of Private Banking Asia Pacific said: "We will be focusing on leveraging Credit Suisse's integrated banking platform with our well-established Investment Banking and Asset Management divisions to offer a comprehensive range of services and deliver the benefits of the entire bank to our clients in Japan."