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11 November 2019
INVESTMENT

Credit Suisse appoints new Head of Investment Bank

James Amine will resign as Chief Executive Officer of the division and leave the executive board, taking the role as head of private credit opportunities based in New York.

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.


RELATED STORIES: CREDIT SUISSE GROUP INVESTMENT BANK UNIT

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