He is currently on gardening leave and will take up his position in the summer, reporting to managing director, head of investment office, Gayle Schumacher who has had the job since her promotion at the end of last year.
Credit Suisse has made a number of changes to its private client structure over the past 18 months with the net result is that it is growing its UK business. A spokesperson for the company confirmed that while a number of people have left the firm due to resignations, redundancies, retirement and role reorganisations internally, it is not as high as the figure of 50 that has been cited by some.
The firm is currently actively recruiting staff for a number of roles as it increases its head count.
Based in London, Sarosy will be responsible for product development with Alan Higgins and Norman Villamin, chief investment officers for the UK and Asia & Europe respectively reporting to him.
He was with Credit Suisse for five years as market group head, UK domestic, with overall responsibility for onshore high net worth clients, as well as responsibilities as head of advisory and sales.
Before this he held a number of senior private client roles at Merrill Lynch for 15 years.
While recruiting for a permanent replacement, Sarosy’s role at Credit Suisse will be taken on by Eric Pfister, head of market area UK/international.
