Former head of capital introduction and prime consulting at Credit Suisse joins up with Citi in EMEA role.
Tag: Credit Suisse
BNP Paribas to benefit from Credit Suisse exit in prime services two years after taking on Deutsche Bank prime brokerage business.
The bank will ditch the majority its prime services business after the collapse of Archegos cost it $5.5 billion and led to an in-house risk review.
The disastrous entanglement with Archegos Capital Management and its spectacular collapse has left the prime brokerage industry reeling with over $10 billion in losses across the Street. The event has resulted in a major shift in attitudes around risk management, but how far-reaching will these changes be on their reIationships with clients? Asks Joe Parsons.
New hire sees Credit Suisse tap Citi again after adding two risk arbitrage traders from the investment bank in 2019.
New members of the board of directors will be focused on risk management processes at the bank following its massive losses caused by the collapse of the family office earlier this year.
Axel Lehmann has been nominated to lead the risk committee at Credit Suisse after departing UBS earlier this year.
The report found that the investment bank’s risk divisions continuously failed to address frequent exposure limit breaches by the family office.
New chief risk officer from Goldman Sachs replaces former risk chief Lara Warner who was ousted following the Archegos Capital scandal in April.