
SHUTTERSTOCK/YINGKO
Credit Suisse Group has appointed David Miller to succeed James Amine as head of its investment banking and capital markets unit as the business struggles with profitability, reported Bloomberg.
Miller, a 22-year Credit Suisse veteran, will also join the executive board. The moves come after the division swung to a second quarterly loss this year and the Asian trading business also reported a loss. While surprising profit gains at the bank’s global markets division helped group profit increase in the third quarter, leading the bank gave a downbeat outlook for the rest of the year.
Eric Varvel was appointed the Chairman of the Investment and Capital Markets unit and Harold Bogle will be the division’s vice chairman.
MOST READ