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Credit Suisse Is Losing Mideast Staff Over a Toxic Work Culture This content was published on July 19, 2021 - 19:52 July 19, 2021 - 19:52 (Bloomberg) Bruno Daher, Credit Suisse Group AG s top executive in the Middle East, had an unusual message at a May sales meeting: an apology. He was sorry about having said earlier that he’d put a gun to his bankers’ heads if they didn’t shape up. He tends to speak in metaphors, he explained. The contrition was striking because it contrasted so sharply with his typical approach. Behind the scenes at the operation that tends to fortunes in the region, Daher was better known for fiery displays and direct personal attacks, harangues peppered with expletives. He once tossed a Swiss flag into the trash and wielded threats that have prompted complaints from his staff, according to people who have worked with him. ....
SHARE Swiss lender Credit Suisse opened a new branch in Riyadh to offer wealth management services to its affluent clients in the kingdom. The branch in Riyadh strengthens the lender’s franchise in the country and expands its footprint in the Middle East, it said in a statement on Monday. Credit Suisse s Riyadh branch will allow it to provide broader wealth management offering, including lending services, foreign exchange and treasury products, account management and deposits. The bank’s clients in the kingdom will continue to have access to existing local and international trading capabilities as well as investment banking services through the new franchise, it said. ....
RIYADH: Credit Suisse has opened a new branch in Riyadh as part of plans to strengthen its wealth management services in Saudi Arabia, the lender said Monday. The bank said the new branch would enable customers to benefit from wealth management offerings consisting of lending services, foreign exchange and treasury products, account management and deposits, as well as access ....
It will bolster its offering for HNW and UHNW individuals in the ‘key growth market’ Credit Suisse has opened an office in Riyadh in a bid to strengthen its Saudi Arabia operation. The branch will allow Saudi Arabian clients to benefit from an extended wealth management offering which is comprised of lending services, foreign exchange and treasury products, account management and deposits. Clients will continue to be able to access the existing range of local and international trading capabilities as well as investment banking services. Majid Al-Gwaiz will act as chief executive of the Riyadh branch and will be responsible for driving the strategy, building upon business area initiatives and developing local solutions to serve high net worth and ultra-high net worth clients, family-owned companies, government and government-related entities and Saudi corporations. ....