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Credit Suisse Names New Europe Equities Head After Archegos This content was published on May 7, 2021 - 11:53 May 7, 2021 - 11:53 (Bloomberg) -- Credit Suisse Group AG named Neil Hosie head of equities for Europe, Middle East and Africa, replacing Ryan Nelson who stepped down after the bank lost $5.5 billion in the collapse of Archegos Capital Management. Hosie will remain as head of equities for Asia Pacific, according to people familiar with the decision who asked not to be identified since t...

Credit Suisse halts star trader’s fund on risk concern Bloomberg Bloomberg Credit Suisse Group paused the launch of a credit fund run by star trader Hamza Lemssouguer as it dials back risk in the aftermath of the twin implosions of Archegos Capital Management and Greensill Capital, according to people familiar with the decision. The pause marks a shift for Credit Suisse, which last year lured Mr. Lemssouguer back from Ken Griffins hedge fund Citadel and gave him a new role overseeing the laun...

» Credit Suisse execs at the heart of the banks Archegos loss will reportedly depart following $4.7 billion hit Credit Suisse execs at the heart of the banks Archegos loss will reportedly depart following $4.7 billion hit Carla MozéeApr 20, 2021, 00:59 IST FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in BaselReuters Two Archegos Capital Management, according to a Wall Street Journal report on Monday The executives were the co-heads of a unit that managed the relationship between the...

Credit Suisse Prime-Brokerage Heads to Leave After Archegos This content was published on April 20, 2021 - 06:48 April 20, 2021 - 06:48 (Bloomberg) -- Credit Suisse Group AG’s prime-brokerage co-heads are leaving the bank in the wake of its $4.7 billion loss from the implosion of Archegos Capital Management, according to a company memo. John Dabbs and Ryan Nelson will step down immediately while assisting Credit Suisse through mid-May on an orderly transition, the bank said in the memo. Roger...

Credit Suisse Halts Star Trader’s Fund on Risk Concerns This content was published on April 20, 2021 - 14:38 April 20, 2021 - 14:38 (Bloomberg) -- Credit Suisse Group AG paused the launch of a credit fund run by star trader Hamza Lemssouguer as it dials back risk in the aftermath of the twin implosions of Archegos Capital Management and Greensill Capital, according to people familiar with the decision. The pause marks a shift for Credit Suisse, which last year lured Lemssouguer back from ...

by Tyler Durden Apparently, firing half a dozen executives including its head of risk management (Lara Warner, also one of the most high-ranking women in the global financial services industry) hasnt done enough to quiet shareholders demands for change atop Credit Suisse, the Swiss banking giant that reported a $4.7 billion loss from the collapse of Archegos Capital Management, with billions of losses likely to follow from the collapse for Greensill. As CEO Thomas Gottstein clings to his posit...

Credit Suisse Weighs Replacing Risk Chief in Looming Executive Shake-Up This content was published on April 4, 2021 - 23:01 April 4, 2021 - 23:01 (Bloomberg) -- Credit Suisse Group AG leaders are discussing replacing chief risk officer Lara Warner while sparing Chief Executive Officer Thomas Gottstein as they tally losses that could reach into the billions from the collapse of Archegos Capital Management, according to people briefed on the matter. The bank is set to give investors an updat...