Credit Suisse Top Wealth Executive Sommerhalder Leaving Firm
- Yves-Alain Sommerhalder departs after two decades at the bank
- Fletcher, Fung named co-heads of financing and products group
This article is for subscribers only.
Credit Suisse Group AG executive Yves-Alain Sommerhalder is leaving, adding to top level departures as the firm seeks to get back on its feet amid a massive restructure.
Sommerhalder, who was promoted less than a year ago to head financing and products across wealth management globally, is departing after two decades at the bank, according to people familiar with the matter, asking not to be identified discussing private information. Larry Fletcher and Eugene Fung become the new co-heads of this unit starting Tuesday, according to a Oct. 27 internal memo on Sommerhalder’s departure.