Credit Suisse restructures its investment and private bank
Credit Suisse is merging its asset management business with its private bank and reshuffling top management. Three top bankers depart, including Asia-Pacific CEO Osama Abbasi, while Helman Sitohang gets a bigger role.
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Credit Suisse is merging its asset management business with its private bank in an effort to speed up cost savings, the bank said yesterday.
Three top bankers are quitting as a result of the changes: Osama Abbasi who is Asia-Pacific chief executive; Fawzi Kyriakos-Saad, chief executive of Europe, the Middle East and Africa (Emea); and Walter Berchtold, chairman of private banking, who is leaving Credit Suisse after 30 years with the Zurich-based bank.
Abbasi took charge of Asia …
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