Investment bank boss Christian Meissner will leave the big bank immediately, as announced by CS. This is part of the radical restructuring that the bank presented on Thursday.
Former CS Board member Michael Klein will also leave the Board to launch the independent CS First Boston unit, as an advisor to Group CEO Ulrich Körner. He is then said to be ready to take over the leadership of CS First Boston as CEO from 2023, subject to the approval of supervisory authorities. During the transition period, David Miller will serve as Global Head of Investment Banking and Capital Markets.
In addition, Mike J. Ebert and Ken Pang will jointly take over the management of Markets Business at the beginning of November. Ebert is currently the Co-Chair of the Investment Bank and Global Trade Solutions (GTS). Pang is co-chairman of GTS and co-president of the Asia Pacific region investment bank.
As of November 1, the newly created CRU settlement will be headed by Louise Kitchen, who will report to CFO Dixit Joshi. Moving from Deutsche Bank to Credit Suisse. (SDA/sfa)