Anthony DeChellis, the former head of Credit Suisse's Private Banking Americas division, has been named president of Jerusalem-based crowdfunding startup OurCrowd.

OurCrowd says it runs the world's largest equity crowdfunding platform; it has raised more than $100 million in crowdfunding for 57 companies throughout various countries.

DeChellis spent seven and a half years as CEO of Credit Suisse's Americas-centric private banking division, after about three years as managing director of private wealth management for UBS. He began his career as a financial executive with Merrill Lynch, where he spent more than 15 years as managing director of private banking in Europe.

"Broadening the VC investor community should serve to not only democratize wealth creation opportunities, but also enhance the probability of success for those companies who engage and fund through 'the crowd,'" DeChellis said in a press release.