“Credit Suisse loses top executives Welter and McCarthy”
ZURICH (Reuters) -Credit Suisse announced the departure of two senior executives, global co-head of banking Jens Welter and global head of global credit products Daniel McCarthy, in memos seen by Reuters, in a blow to the Swiss bank as it gets ready for a major restructuring.
Shaken by a string of scandals and losses, Switzerland’s second-largest bank is currently preparing a strategy review including a radical overhaul of its investment bank.
The bank said that Welter, its global co-head of banking and EMEA co-head of investment banking and capital markets (IBCM), had decided to leave the bank.
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