Credit Suisse has hired an executive from Allianz SE. The Swiss bank has hired Wolfram Peters as the head of risk in its asset management unit. The appointment is effective September 1. Until April, he was the risk chief at Allianz SE's investment unit, and had been in the role for the past nine years. In the position, Peters is to report to Credit Suisse's new head of asset management, Ulrich Koerner.