Credit Suisse Asset Management (CSAM) said that Laurence Smith will join the firm as global chief investment officer and managing director on June 10. Smith will be responsible for the oversight of the investment management side of the firm's business, which includes investment processes, organizational structure and product management.

Smith will be based in New York and will report directly to CSAM's Global ceo, Phillip Colebatch. Smith joins CSAM from JP Morgan Investment Management where he was most recently global head of asset allocation and balanced accounts worldwide. Prior to that, he was co-head of the fixed income group, and has been one of the architects of that firm's investment strategy process.

"We are excited to have someone with the depth and breadth of Larry's experience as our global chief investment officer," said Colebatch. "Over the last twelve months CSAM has progressively built a global asset management organization by combining its domestic asset management businesses in the US, Europe, Switzerland, Japan and Australia. This appointment reflects the importance we place on integrating our investment management teams throughout our global organization."

"Larry will refine the overall investment architecture for the firm and focus on further enhancing product quality by bringing together our investment teams and leveraging their collective strengths and capabilities. His appointment is reflective of our continuing commitment to attract, retain and develop the very best and brightest investment talent in the industry."

 

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