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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 Anerella was appointed interim head of prime services, while Doug Crofton was made head of Americas...

Credit Suisse Plans Hedge Fund Unit Overhaul After Archegos Hit This content was published on April 9, 2021 - 11:16 April 9, 2021 - 11:16 (Bloomberg) -- Credit Suisse Group AG is planning a sweeping overhaul of the hedge fund business at the center of the Archegos Capital blow up, as the drama forces Wall Street banks to reconsider how they finance some of their most lucrative clients. The Swiss bank is weighing significant cuts to its prime brokerage arm in coming months, people familiar with the plan said. The lender has already moved to tighten financing terms with some funds, and hopes ch...

Credit Suisse Executives to Depart After Archegos Losses This content was published on April 6, 2021 - 02:11 April 6, 2021 - 02:11 (Bloomberg) -- Credit Suisse Group AG is shaking up its executive ranks after the Zurich-based lender was hit hard by the collapse of Archegos Capital Management. Investment bank chief Brian Chin is set to leave in an exit that may be announced as soon as Tuesday, according to people familiar with the matter, who asked not to be identified because the move hasn’t been made public. Chief Risk Officer Lara Warner is also departing, along with a number of business ...