Credit Suisse has a new Iberian manager of wealth management. The Zurich-based bank has appointed Pablo Carrasco Director of Wealth Management Iberia.

“Credit Suisse is pleased to announce the appointment of Pablo Carrasco as Head of Wealth Management Iberia to lead this strategic market for the bank and pursue a strong growth trajectory in this region”, can be read in the statement António Horta Osório.

The appointment is subject to regulatory approvals.

Carrasco thus succeeds Concepción Gómez de Liaño, which has been leading the Iberian division of Wealth Management, on an interim basis, after the departure of Iñigo Martos in December, when the executive moved to the same portfolio but at Deutsche Bank.

Pablo Carrasco has over 20 years of experience in world heritage management. He has been with Credit Suisse for nearly 15 years, performing a number of leadership roles in wealth management. Pablo started a career with Credit Suisse in Spain, having started at Banco Español de Crédito (Banesto) in Madrid, but since then he has also accumulated experience in the UK, Asia and Switzerland.

More recently, the executive has been leading the team responsible for the Family Offices in Europe. Prior to that, he was Head of Consultancy and Sales for Southern Europe. Pablo has a degree in Law from the University of Navarra in Spain and a Master’s in Banking and Finance from the Centro de Estudios Garrigues.

Bleeding at the bank

In recent months, Deutsche Bank, Barclays, Morgan Stanley and Goldman Sachs have been “playing the game of chairs” with senior executive sources. In December Credit Suisse had already announced a series of appointments to its direction, in order to move away from the controversies generated by the Archegos case.

At the time Switzerland’s second-largest bank revealed that Francesco De Ferrari would again take over the company’s leadership as CEO of the wealth management division and interim CEO of Europe, Middle East and Africa.