Malcolm Tay has been appointed Deputy Market Group Head and Market Leader for Indonesia, a newly created role, with effect from September 1, 2021. He will be based in Singapore and will report to Johanes Oeni, Market Group Head Indonesia.
Malcolm has over 30 years of wealth management experience and joins Credit Suisse from Deutsche Bank Wealth Management, where he worked for 18 years, most recently as Group Head Southeast Asia. Previously, he served as a Client Relationship Manager at Merrill Lynch. Prior to that, he was with Citi Private Bank as Co-Head, Indonesia Onshore Private Bank for 10 years.
Indonesia is a key growth market for Credit Suisse private banking business. Benefiting from a leading position in the Indonesia market, Credit Suisse is fully committed to further accelerating the growth and expansion of its Indonesia franchise footprint by offering value-added and bespoke services to better serve our ultra-high-net-worth clients.
With Malcolm’s extensive industry experience, long-established relationships with key clients and deep understanding of the market, Credit Suisse believes it is set to consolidate its leadership in the Indonesia market and across the region.
Benjamin Cavalli, Head of Private Banking South Asia: “I am delighted to welcome Malcolm to Credit Suisse. He is one of the most accomplished Indonesia-focused bankers with a stellar reputation in the industry. His appointment underscores our commitment to accelerate our growth plans and further strengthen our leading position in this important market within Private Banking South Asia.”
