Senior bankers leaving C Suisse

Five senior investment bankers are leaving Credit Suisse in Asia, people familiar with the matter said, amid moves by CEO Tidjane Thiam to shift the bank’s focus to managing money for the wealthy.

Bloomberg News reports that among those who have decided to quit are David Cheng, the bank’s head of corporate finance for Asia, and Jan Metzger, the Asia-Pacific head of technology, media and telecommunications investment banking, the people said, requesting anonymity because the matter is private.

Catherine Liu, a director and head of media and technology coverage for China, plans to leave Credit Suisse at the end of September and may join a technology company, the people said.

Credit Suisse plans to scale back its investment bank in favor of managing money for rich clients, Thiam said in July, soon after joining the bank. 

To access the complete Bloomberg News article hit the link below:

Credit Suisse Said to Lose Five Asia Bankers as Focus Shifts

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