, Columnist
Credit Suisse’s Outsiders Need to Be Brave and Brutal
It will be a rough ride for employees — and shareholders
The Swiss bank is beset by problems
Photographer: Pascal Mora/Bloomberg
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Credit Suisse Group AG’s poaching of Dixit Joshi from Deutsche Bank AG to become its new chief finance officer means the Swiss bank now has outsiders in three top executive roles. They all have plenty of experience fixing problems in their former roles.
The new leadership team should have the cool ruthlessness to make unbiased decisions about what Credit Suisse should and shouldn’t be doing under its third strategic review since 2015. But that doesn’t mean radical changes will be any easier to pull off.