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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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Credit Suisse Hires New Management
[ by Melanie Gretchen ]
Credit Suisse brought in new leadership amid the $120 million it agreed to pay to settle U.S. civil charges; it was charged with misleading investors in the sale of risky mortgage bonds prior to the financial crisis. On Tuesday, Switzerland's 2nd-largest bank hired a co-head of investment banking and merged its asset management division into its wealth management and private banking unit.
The new line-up:
- Hans-Ulrich Meister and Robert Shafir would jointly run the reorganized wealth management and private banking unit, which will also include the bank's Swiss trading operations.
- Gael de Boissard would become co-leader of its investment bank with the unit's current chief, Eric Varvel, who oversees the equities and advisory division. He will also serve as head of the fixed-income business and will join the bank's executive committee early next year
For further details, go to [Dealbook, 11/20/12].

