Latest posts by Julia Shudrik (see all)
- ‘Champagne fraudster’ Alex Hope gets longer jail sentence - 28 Sep 2016
- Credit Suisse names senior adviser - 27 Sep 2016
- UBS axes 56 Luxembourg jobs to save costs - 27 Sep 2016
Credit Suisse confirmed it has a new senior adviser who will be responsible for managing existing and potential wealth management customers.
Michael Wachtel was holding a position of the Non Executive Chairman of
Ernst & Young for 5 years starting in 2010 and was a member of the EY Global Governance Council between 2007-2015.
Wachtel was serving as an adviser to Australia’s front-rank multinationals and high net worth families for over 30 years and joined in EY at the time of the EY integration with Andersen in 2002. In addition to that, Michael Wachtel was the Global Leader for Tax Quality & Risk, a member of the EY Global Tax Executive and EY Global Risk Executive Committee in 2012-2016.
Born in South Africa, Wachtel left under apartheid and, after a short period in London where he met his Australian wife, arrived in Sydney in 1983 to build his life from scratch.
A tax practitioner by training, Wachtel witnessed the stunning growth of Arthur Andersen – one of the eight big global accountancy firms in the 1980s – and suffered from its collapse following the Enron scandal in the United States in 2002, reports Financial Review.
Melbourne-based, Michael Wachtel has joined the board of The Future Fund by Federal Treasurer Scott Morrison and Finance Minister Mathias Cormann.