A clarification to this story was issued on June 28, 2011.

Will Britten, CEO of BlackRock in Australia, has exited to lead the funds management arm of an investment bank.

Will Britten started as Credit Suisse’s managing director and head of asset management Australia yesterday, and is responsible for growing its three business lines: alternative investments, asset allocation and advisory, and emerging markets.

Britten replaced Filo Sedillo, who left the bank last year to take a position with ANZ Bank.

Britten will work closely with Credit Suisse’s Pension Coverage Group, led by Matthew Perrignon, which focuses on delivering products, services and expertise to Australia’s superannuation funds.

He brings more than 16 years experience as a funds management executive to the role.

Britten was also CEO of BGI for Australia and New Zealand before BlackRock Australia acquired the company.

At Credit Suisse, he will report to David Livingstone, CEO of Australia and Neil Harvey, head of asset management in the Asia-Pacific region.

“We are confident that he will be a great addition to the team, and that he will coordinate the Bank’s global network to deliver the best products and customized solutions to Australian clients,” Harvey said in a statement.

Britten’s appointment followed the announcement that Edward Jewell-Tait is joining Credit Suisse as its new head of private banking, Australia.

* CLARIFICATION (June 28, 2011): Will Britten left BlackRock in February 2010. Damien Frawley has been CEO of the company since that date. Britten’s appointment at Credit Suisse was announced on June 27. This article originally carried the headline “Britten exits BlackRock”. I&T News apologises to BlackRock for the error.