Credit Suisse’s Key Tokyo Private Banker Leads Exodus to LGT
- Yoshitaka Nagakura is setting up new business for LGT in Japan
- Competition between private banks in Japan is heating up
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Yoshitaka Nagakura, a senior private banker at Credit Suisse Group AG in Tokyo, left to spearhead a new operation for LGT Private Banking in Japan, according to people with knowledge of the matter.
Nagakura started earlier this year as market head for Japan, where LGT is in the process of setting up a new private banking business, the people said, asking not to be identified as the move isn’t public. He is among about two dozen former Credit Suisse staff who have joined or are in the process of joining the firm, the people said.