Credit Suisse has appointed Christoph Mauchle as the new head of the market area Germany, Austria, Luxembourg and ultra high net worth individuals in Europe, the Middle East and Africa, starting 1 October 2008.

Mr Mauchle succeeds Michael Rüdiger, who has taken over as chief executive of Credit Suisse in Germany, Austria, Luxembourg and central Europe.

Mr Mauchle has been with Credit Suisse for almost 17 years, having joined in 1992 as a sector head in private banking in Zurich. After other roles, he became head of private banking for the Zurich region in 2001.

In addition to this role, he was appointed regional head Zurich in January 2006 with responsibility for building up a new regional team spanning all three divisions in connection with the launch of the integrated bank.

Mr Mauchle’s replacement as Zurich regional head is is Paul Arni, as reported in WealthBriefing yesterday.