Credit Suisse has named Hans-Ulrich Meister as chief executive for Switzerland and a member of the executive board.

He will join on 1 September 2008. As CEO Switzerland, he will report to chief executive of Credit Suisse Brady Dougan. He will also report to chief executive of private banking Walter Berchtold and will be a member of the private banking management committee in respect of his responsibilities for corporate and retail banking and private banking in Switzerland.

He replaces Ulrich Körner, who is leaving Credit Suisse “to pursue other opportunities.”

Until last year, Mr Meister was head of business banking for UBS, having been at the company since 1983. His responsibilities included retail and corporate banking as well as coverage of multinational companies and institutional clients in Switzerland; he was also a member of the UBS group managing board.

Mr Dougan said: "I am very pleased that Hans Ulrich Meister will be joining Credit Suisse as CEO Switzerland to lead the next phase in developing the strong position we have built in this market."