Swiss bank Credit Suisse has hired a 24-year private banking veteran from rival UBS for its ultra high net worth Individuals division.

Ian Dembinski starts as a managing director and UHNWI segment head for the UK and International, effective February 2010. He will be based in London and report to Blake Shorthouse, head of the UHNWI business in the EMEA region, and Mark Hirst, head of the market area UK and International for the EMEA private banking business.