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Credit Suisse, under regulatory scrutiny, rejigs asset management

Sumary of Credit Suisse, under regulatory scrutiny, rejigs asset management:

  • Article content ZURICH — Credit Suisse faces a number of regulatory investigations over its dealings with collapsed Greensill Capital, the Swiss bank said on Thursday, as it announced an overhaul of its asset management arm in the wake of the scandal…
  • Separately on Thursday, Credit Suisse named Ulrich Koerner as its new head of asset management and said it would separate the unit into its own division…
  • The bank and its asset management arm, currently part of the international wealth division run by Philipp Wehle, have been reeling over the collapse of around $10 billion of funds related to British supply chain financier Greensill, heaping pressure on Chief Executive Thomas Gottstein, who said on Tuesday he was scrutinizing the structure and internal position of the unit…
  • Switzerland second-biggest bank said the appointment of Koerner would be effective from April 1, when its new structure will also come into effect….

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