Credit Suisse set to revamp its global wealth management
The lender says tightening its regional structure and centralising advisory and lending, will help the unit grow profits by 10% annually from 2021
30 July 2020 - 12:21
Zurich — Credit Suisse is hoping a revamp of its international wealth management, tightening its regional structure and centralising advisory and lending, will help the unit grow profits by 10% annually from 2021, the bank said in an internal memo on Thursday.
Both Credit Suisse and its international wealth management (IWM) unit have been under fresh leadership over the past year, since an acrimonious fallout between former IWM head Iqbal Khan, which led to Khan leaving for rival UBS in the middle of 2019, and in February cost former CEO Tidjane Thiam his job...
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