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Ex-Credit Suisse Manager on Trial Had ‘No’ Banker Background

  • Ex-athlete, bank are on trial for aggravated money laundering
  • Allegations ‘meritless,’ former employee innocent, says bank
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An ex-Credit Suisse Group AG relationship manager accused of abetting money-laundering said she was a banking novice who was recruited for her language expertise and elite sports background.

E., who cannot be named under Swiss reporting laws, quit her career as a professional athlete in 2000 and was invited to join the sports and entertainment desk at UBS Group AG. With no university education or background in finance, she was put on a basic finance training course by the bank, she told the federal criminal court in the southern city of Bellinzona.