Credit Suisse Entrepreneur Team Jumps to Competitor: Credit Suisse which bills itself as the bank for entrepreneurs bank Credit Suisse has to cope with the loss of a managing director in Zurich. He is taking an entire team with him. EnglishNews
Credit Suisse which bills itself as the bank for entrepreneurs bank Credit Suisse has to cope with the loss of a managing director in Zurich. He is taking an entire team with him.
Yusuf Savmaz has taken over as head of the German-speaking Switzerland business in the local private banking division of BNP Paribas, effective August 1. He also joins the management team of the institute's Switzerland & Emerging Markets market area and reports to its CEO Beat Bachmann, BNP announced Thursday.Savmaz's departure is likely to hurt Credit Suisse.
As it was further announced on Thursday, Nadia Cortesi, Stephan Ulrich and Marco Studer follow him from Credit Suisse. All previously worked as client advisors at Switzerland's second-largest bank and are now to expand the segment of entrepreneurs, executives, and wealthy families at the new location.
The team is the latest in a series of departures, resignations, and replacements in the Swiss business of the crisis-ridden bank. «We are very happy to welcome Yusuf and his team at BNP Paribas Wealth Management. With their long-standing expertise in serving Swiss entrepreneurs and executives with custom-tailored solutions as well as their strong network amongst wealthy families residing in Switzerland, we are more than ever able to meet the demand for sophisticated services that we experience from this demanding client segment,» Bachmann said.
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