Credit Suisse may hive off asset management unit in wake of Greensill scandal
Bankrupt business plunges CEO Thomas Gottstein into the biggest crisis of his tenure
16 March 2021 - 16:53
Zurich — Credit Suisse is considering splitting its asset-management unit from the wealth management division as CEO Thomas Gottstein grapples with the aftermath of the Greensill scandal across the bank’s businesses.
Gottstein, speaking at a Morgan Stanley conference on Tuesday, said that having asset management as a subdivision of the much larger business catering to wealth and high net-worth individuals is “something that I always had some doubts about. ... It’s something we are looking at, together with the board.”..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.