Credit Suisse has filed a lawsuit against ex-vice president of emerging markets, who has been hired by Goldman Sachs, for stealing the former’s trade secrets.
Credit Suisse has alleged that Agostina Pechi took confidential information from the Swiss bank in a bid to win clients for Goldman Sachs, as per a complaint filed at the state court in Manhattan, .
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According to allegations, Pechi secretly sent e-mails with client lists and other confidential bank information from her work account to her personal inbox, and printed "critical transaction documents" late at night from her office, when she was supposed to be on vacation. This information was shared by Credit Suisse.
Pechi made US$950,000 in 2012. Credit Suisse has said: "There is no question that the databases that Pechi mailed to herself were and are the properties of Credit Suisse, developed by Credit Suisse using its own resources."
According to Credit Suisse, Pechi has cooperated with a probe into her activities post her resignation, including allowing Credit Suisse’s third-party investigators to search some of her personal effects at her home.
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