Credit Suisse’s McKessar to Leave as Banker Exodus Accelerates
- Tim McKessar joins UBS in Sydney to run TMT team with Mulheron
- Credit Suisse is battling exit of talent in wake of scandals
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Credit Suisse Group AG senior banker Tim McKessar is joining UBS Group AG, becoming the latest to leave the embattled Swiss lender following the collapse of hedge fund Archegos Capital Management.
McKessar will start at UBS in August and run the telecommunications, media and technology advisory team in Sydney, partnering with Brendan Mulheron, according to an internal memo obtained by Bloomberg. McKessar had been at Credit Suisse since 2007 and most recently led its local TMT team.