Credit Suisse Names Strobaek, Jain to Replace Fusenig

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Credit Suisse Group AG said Gerhard Fusenig, who headed part of its asset management business, will leave Switzerland’s second-largest bank.

Fusenig, 49, will retire to spend more time with his family, Hans-Ulrich Meister and Robert Shafir, who head the private banking and wealth management division, said in a memo to staff today. Fusenig will stay for “several weeks” to ensure a smooth transition, according to the memo. Marc Dosch, a spokesman at Credit Suisse in Zurich, confirmed the contents.