Credit Suisse to hire new technology expert for Internet banking unit

7 February 2011

Credit Suisse is to hire a new technology executive to take over the running of its Internet investment banking division.

Imran Khan, a former data analyst at JPMorgan, is to work as a managing director and be based at the firm’s offices in San Francisco, an internal memo revealed.

The new post holder is expected to take up his new role with the Swiss bank in May and report to David Wah, global head of technology and Bryce Lee, head of technology in the US.

According to news reports, Mr Khan is well known for analysing data and stocks belonging to large internet firms such as Google, Yahoo! and Amazon.

He was also the lead analyst responsible for producing JPMorgan’s Nothing but Net internet research report.

Mr Khan was in charge of JPMorgan’s internet research team from 2004.

Meanwhile, Credit Suisse was named as the top provider of wealth banking services by investment magazine Euromoney.

Walter Berchtold, chief executive officer of the Swiss financial institution, said “We are proud to have won this prestigious award, which recognises the strength of our integrated banking business, our global reach and our first-class investment advice and expertise.”

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