Credit Suisse in Guernsey has appointed Glen Tonks as chief executive and branch manager for Guernsey.

He succeeds Mr Annegarn as chief executive, who – after almost five years in the role – is relocating to manage Credit Suisse’s operation in the Bahamas.

Mr Tonks will be responsible for strategic direction and operational performance of the Guernsey branch.

Having joined Credit Suisse in Guernsey as chief operating officer last year, he is familiar with the Credit...