News Formal

New Credit Suisse investment-bank chief needs axe

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

David Miller is taking over as investment banking chief at Credit Suisse. Although his top priority is to stop losing market share in key businesses like advising on deals, costs still look high. There’s an argument for more cuts, writes LiamWardProud:

Credit Suisse on Nov. 11 appointed David Miller as chief executive of its investment banking and capital markets business.

Miller, who was recently global head of credit, replaces James Amine, who is stepping down to take on a newly created job as the New York-based head of private credit opportunities. Miller joined the company through its 2000 merger with U.S. investment bank Donaldson, Lufkin & Jenrette, where he worked in the Los Angeles office.

Eric Varvel will become chairman on Credit Suisse’s investment bank, while keeping his current role as head of asset management.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 470. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple Card users received $10 billion in credit from Goldman Sachs - Business InsiderGoldman Sachs lent out approximately $10 billion to Apple Card users through September 30, just over a month after Apple Card's full US launch. What part of this is good for consumers?
Source: BusinessInsider - 🏆 729. / 51 Read more »