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Credit Suisse appoints investment banking management committee -memo
Global Banking and Finance Review
Company
By Tatiana Bautzer
NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG, according to a memo seen by Reuters.
UBS completed its emergency takeover of embattled rival Credit Suisse in June, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet and overseeing more than $5 trillion in assets.
Michael Ebert, head of Credit Suisse for the investment bank, will lead markets within the committee.
Capital markets members will be Marc Warm for the Americas, Michael Furber for EMEA and Kuan-Ern Tan for APAC. For markets in Asia, the member will be Min Park. Onu Odim will oversee investment banking risk management and the chief operating officers for markets and capital markets will be Olivier Charhon and Amy Clack, respectively.
A CS spokesperson confirmed the contents of the memo.
The committee will be supported by other executives such as investment banking CFO Tony Bullman and Chief Risk Officer David Krauss.
(Reporting by Tatiana Bautzer; Editing by Chris Reese and Mark Porter)
Investment banking is a financial service that assists companies in raising capital by underwriting or acting as an agent in issuing securities. It also provides advisory services for mergers and acquisitions.
A management committee is a group of individuals within an organization responsible for overseeing specific functions or departments, ensuring strategic alignment and effective decision-making.
UBS Group AG is a Swiss multinational investment bank and financial services company, known for its wealth management, investment banking, and asset management services.
Risk management in investment banking involves identifying, assessing, and prioritizing risks to minimize potential financial losses and ensure compliance with regulations.
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