Credit Suisse Zurich
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Credit Suisse Fires 2 Investment Managers Involved in $10 Billion Greensill Funds

24th December 2021 | Hong Kong

Credit Suisse, the Swiss banking group managing more than $4 trillion assets, has fired 2 investment managers (Portfolio Manager & Head of Fixed Income) who were involved in the failed $10 billion Greenhill Fund.  Credit Suisse was hit by the troubled Greensill $10 billion supply-chain financing fund, which was introduced as a safe investment product to many of its institutional clients including pension funds and sovereign wealth funds.

“ Credit Suisse Fires 2 Investment Managers Involved in $10 Billion Greensill Funds “

 



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$10 Billion Greensill Fund

Credit Suisse Zurich
Credit Suisse Zurich

The $10 billion Greensill fund is being investigated by Swiss financial regulator Finma and Switzerland authorities had also launched a criminal  investigation over the collapse of the fund.  Credit Suisse has also commissioned Deloitte and Swiss law firm Walder Wyss to investigate, and is preparing for possible class-action lawsuits from clients in 2022.

 

Credit Suisse:



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