Credit Suisse Hedge Fund Head In Brazil In Line For Promotion

Nov 11 2011 | 11:18am ET

Credit Suisse's hedge fund chief in Brazil is on the short-list to lead the bank's overall efforts in that country.

Luis Stuhlberger, who is head of the Credit Suisse Hedging-Griffo asset management arm, is one of three people eyed by outgoing Brazil chief Antonio Quintella to take the top job. The others are Jose Olympio Pereira and Marcelo Kayath, who jointly lead Credit Suisse's investment banking unit in Brazil.

Quintella has been named CEO of the Americas at Credit Suisse.

Hedging-Griffo is Brazil's biggest hedge fund. Credit Suisse bought half of it five years ago for almost US$300 million, and could pay more than US$800 million for the other half at the end of the year.

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