Credit Suisse has named Natt Thanomsat as the new head of its wealth management business in Thailand, replacing Thippa Praneeprachachon.

Praneeprachachon, who has been at the helm of the Thai ooperations since 2016, will continue to serve as a senior adviser for the business, finews.asia reported.

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Thanomsat will assume the new responsibility on 20 March 2019. Based in Bangkok, he will be responsible for heading a team of investment planners.

He will report to market group head for Thailand and Vietnam Marcus Slöör and country manager for Thailand Chris Prasertsintanah.

“We are delighted to have Natt Thanomsat lead our local wealth management in Thailand. He will drive our wealth management business, building on the foundation Thippa Praneeprachachon has built since joining Credit Suisse in June 2016,” Slöör was quoted as saying by finews.asia.

Natt currently serves as the head of equities in Thailand at Citigroup and head of sales at Citicorp Securities. Previously, he also had stints at J.P. Morgan, Morgan Stanley and Goldman Sachs, finews.asia reported.

Credit Suisse has recently made various changes in its Asia leadership team.

Last month, Credit Suisse Private Banking named Eric Kang as the new vice chairman for its Southeast Asia business.

In August 2018, the bank appointed Makoto Kuwahara as its Japan CEO. In the same month, the bank named Francois Monnet and Benjamin Cavalli as its private banking heads for North Asia and South Asia, respectively.

In July last year, the bank appointed Michael Marr as its private banking head in Australia.