C Suisse head steps down, banker leaves to start new firm

Credit Suisse has said Rolf Boegli, head of wealth management for super-rich clients in Switzerland, will step down at the end of the year for health reasons

Boegli, 50, plans to return after a leave of absence, according to an internal memo to staff today from Hans-Ulrich Meister, co-head of private banking and wealth management. A spokesman for Zurich-based Credit Suisse confirmed the memo’s contents. Thomas Gottstein, 49, who leads investment banking Switzerland coverage, will take over from Boegli in January.

In the meantime, Bloomberg also reports that three real estate-investment bankers at Credit Suisse, UBS and Citigroup are leaving to start their own company to tap rising demand for property transactions in Germany, three people with knowledge of the matter said.

Citigroup’s Sebastian Fuchs, Credit Suisse’s Christian Schlueter and UBS’s Stefan Bartschat will help run the firm, said the people, who asked not to be identified because the talks are private.

The Frankfurt-based company, due to begin operations in January, will advise property investors on mergers and acquisitions, strategy and equity raising, and will include Bernd Janssen, who will be head of research and a founding partner, one of the people said.

CS to UBS Property Bankers Said to Start Own Company

image: © C.P.Storm

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