Finance
UBS Culls Credit Suisse’s Top Leaders After Historic Deal Closes
- Departures include CFO Joshi, investment bank co-head Miller
- UBS now proceeding with integration of combined bank
A UBS Group AG office building walkway in Zurich.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
UBS Group AG said a slew of top Credit Suisse Group AG executives will leave, while others will take on lesser roles, as the larger bank exerts its dominance following the historic takeover.
High-profile departures include Credit Suisse Chief Financial Officer Dixit Joshi and co-head of the investment bank David Miller. Only a fifth of the 160 leadership positions in the combined bank announced Monday are coming from Credit Suisse, according to a UBS spokeswoman.