Credit Suisse Mulls Asia Investment Bank Changes in Overhaul
- Bank discussing folding Asia deals into global investment bank
- Board is due to met next week on strategy; no decisions made
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Credit Suisse Group AG is considering moving its Asian investment banking operations into its global securities and advisory business as part of a wider overhaul by chairman Antonio Horta-Osorio to turn around the troubled bank.
Consolidating the advisory business into the global investment bank would mirror a similar move last year to bring the Asian markets activities into that unit, according to people familiar with the matter, who declined to be identified discussing private matters. The board, which is being advised by McKinsey & Co., is due to meet next week to discuss the bank’s strategic review and a final decision hasn’t yet been made, the people said.