Deals
Credit Suisse to Revamp Investment Banking, Private Bank
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Credit Suisse Group AG, the second-largest Swiss lender, named Gael de Boissard co-leader of the investment-banking division and said it will merge asset management with the private bank to speed cost cutting.
De Boissard, 45, will join the executive board and lead the fixed-income business at the investment bank, while current chief Eric Varvel, 49, will head equities and advisory, the Zurich-based company said in a statement today. Three executive-board members, including Walter Berchtold, the chairman of private banking, will leave as part of the revamp.