UBS Gives a Progress Report on the Credit Suisse Clean Up
Beatriz Martin was tasked with sifting through the bank’s assets. Nearly two years in, she tells In the City it’s been easier than expected.
When UBS Group AG agreed to buy Credit Suisse Group AG in March 2023, it was a pivotal moment for European banking. The government-brokered deal was considered historic and its success was instrumental in containing a crisis that had started to spread across global financial markets.
At the center of its success has been Beatriz Martin, head of non-core and legacy operations. Her role is key to this massive restructuring as she sifts through Credit Suisse’s assets and decides which ones to keep and which to wind down. On this week’s episode of In the City, Martin sits down with hosts Francine Lacqua and David Merritt to discuss the process, strategy and progress so far.