Credit Suisse Cuts Jobs in Australia
Credit Suisse’s local deputy Head of Equities Research and Senior Metals and Mining Analyst Paul McTaggart has left the bank. It is understood he left after the recent bonus round.
“Credit Suisse’s local deputy Head of Equities Research and Senior Metals and Mining Analyst Paul McTaggart has left the bank.”
Richard Hitchens who was in charge of quantitative analysis in the bank’s macro equities research unit also left along with some job cuts in the fixed income team.
News Source: Australian Financial Review
About Credit Suisse
Credit Suisse (NYSE:CS) was founded in 1856 by Alfred Escher, under the name “Schweizerische Kreditanstalt.” The original purpose of the new bank known as SKA was to finance the expansion of the railroad network as well as the further industrialization of Switzerland. Fourteen years later, the bank’s first foreign representative office opened up in New York. In 1905, the bank’s first branch outside Zurich opened in Basel following the acquisition of Oberrheinische Bank. Today, it has a global reach with operations in over 50 countries and 48,200 employees from over 150 different nations. It serves its clients through three regionally focused divisions: Swiss Universal Bank, International Wealth Management and Asia Pacific. These regional businesses are supported by two other divisions specializing in investment banking capabilities: Global Markets and Investment Banking & Capital Markets.
- Origin : Zurich, Switzerland
- Assets : CHF 820.81 billion
- Revenue : CHF 23.38 billion
- Employees : 48,200
Official Website: www.credit-suisse.com
News & Media: Press Release
Updated on 8th August 2016