09 Apr 2021
It is often said, incorrectly, that the Chinese word for crisis consists of the characters meaning danger and opportunity. While the translation may be off the components are more like danger and change point they may well describe the situation at crisis-riddled Credit Suisse for one big name banker.
GlobalCapital last week wondered whether Christian Meissner, who only just got started as the Swiss shop’s international wealth management co-head, is about to reach new career heights as the Archegos and Greensill scandals unfold.
Meissner is the new boss of Crisis Suisse’s investment bank after Brian Chin departed, along with chief risk and compliance officer, Lara Warner, as a result of the Archegos affair, in which the bank may have lost as much as Sfr4.4bn ($4.7bn).