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Credit Suisse has appointed four senior members of staff in Guernsey.
Simon Welch is the bank’s new head of legal in Guernsey, while Stephen Falla has joined as head of IT. Heading up the first line of defence support is Chris Trudgeon, with Paul Banbury moving to Guernsey from Credit Suisse in the UK to take up the position of head of credit risk.
‘Credit Suisse is back in a period of re-building and growth. It’s an exciting time for the bank, and with Stephen, Chris, Paul and Simon on board, we have a bright future,’ said Credit Suisse Channel Islands’ CEO Paul Annegarn.
‘All four of these executives have a huge amount of experience in their fields and will be a great asset to the bank.’
Mr Falla, who has long history in managing IT environments and projects as well as a deep understanding of information security, will hold a dual role. He will act as IT country head for Guernsey and IT support head for International Wealth Management UK IT. In a previous position, Mr Falla was instrumental in establishing the infrastructure necessary to connect Guernsey to the SWIFT international communications network.
Mr Welch, who worked at Credit Suisse in Guernsey between 2009 and 2013, has returned to the island to take up the post after heading up the bank’s Business Delivery Centre legal and compliance programme across three continents.
A qualified barrister, solicitor and chartered company secretary, Mr Welch will manage all legal aspects for the bank. He will also provide legal advice in dealing with regulatory relationships, as well as managing external counsel engagement.
‘It’s great to be back in Guernsey with old and new colleagues. I’m looking forward to using the experience I have gained in working successfully with a wide range of stakeholders, both in and outside of Credit Suisse, to provide the highest level of in-house legal advice,’ he said.
‘Credit Suisse is a fantastic place to work and offers opportunities to those seeking to develop their career. I, personally, have been given the opportunity to work on amazing projects with global significance, and feel that Credit Suisse has provided me with a challenging and interesting career.’
As head of front line defence support, Mr Trudgeon will support the client-handling side of the business with regard to processes and procedures, controls and regulatory requirements. He will define the control framework and ensure that the key controls are designed properly and operating effectively.
‘Having spent a number of years with Credit Suisse previously, it somewhat feels like coming home. Credit Suisse provides a world of opportunity for employees and provides training and support to allow people to develop to achieve the best they can in their careers,’ said Mr Trudgeon, who spent more than 14 years at Credit Suisse Fund Administration.
‘The constantly changing political, regulatory and economic landscapes have always been a major challenge to the industry, however Brexit and other events have created one of the most uncertain and challenging environments for many years. I believe there is a promising future for the banking industry, but businesses must be agile and flexible to adjust and make the most of the opportunities this changing environment can create.’
Mr Banbury is the new head of credit risk in Guernsey, after three-and-a-half years as a senior credit risk officer at Credit Suisse in the UK. He has previously held the position of specialist credit manager at Coutts & Co.
‘The head of credit risk management is a diverse position, ranging from approving new lending requests to advising relationship managers on credit related matters, to optimising credit risk processes and procedures,’ said Mr Banbury.
