Credit Suisse Board Members Float Equity Idea for Dealmakers
- Option mentioned to most senior investment bankers in townhall
- That prompted some to conclude it would consider unit spinoff
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Credit Suisse Group AG board members floated the idea of giving senior dealmakers an ownership stake in their unit, a move aimed at retaining talent while keeping a lid on costs.
The option was mentioned to the firm’s most senior investment bankers during a global townhall on Thursday by Michael Klein and Blythe Masters, people with knowledge of the discussions said. That led some to conclude the firm is considering a spinout of the advisory and underwriting unit, the people said.