Capital IQ Power Moves

Credit Suisse Group that Tee Fong Seng has been appointed as vice chairman and head of ultra high net worth (UHNW) for private banking Asia Pacific, effective August 1, 2009. He will be based in Singapore and will report to Marcel Kreis, head of private banking Asia Pacific. In his new role, Mr. Tee will provide important support to the strategic direction and oversight of Credit Suisse’s private banking business and its market and segment initiatives in the region. He will also be responsible for the strategy and business development of the important UHNW segment in Asia Pacific, driving the creation of an integrated client value proposition and a differentiated experience spanning investment solutions and family advisory services. Mr. Tee was most recently the head of wealth management South East Asia and deputy branch manager, UBS Singapore.