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In August, Serge Fehr took up his new position as head of the Swiss domestic business at Lombard Odier. Another Credit Suisse manager follows in his slipstream to the Geneva-based bank.
The Zurich branch of Geneva-based private bank Lombard Odier is rapidly becoming a force in the banking city. A lot of that has to do with ex-Credit Suisse bankers.
Top management appointments for UBS's domestic market look like a show of force against Credit Suisse. But survival of the fittest isn't necessarily the determining factor.
The former Credit Suisse manager in Switzerland has now taken up his post at Lombard Odier. The industry will be watching very closely to see what he does next at the Geneva-based private bank.
Credit Suisse has already had two bank runs and more assets could be about to leave.