Credit Suisse’s investment bank has reorganised its management in a bid to revive the loss-making business.
The move comes a month after it appointed David Miller as the CEO of Investment Banking and Capital Markets (IBCM) division.
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The latest overhaul puts Jens Welter in charge of Europe, the Middle East, and Africa (EMEA) region with Elodie Blanc as the deputy head.
Antonia Rowan and Jonathan Grundy will jointly lead the investment banking and corporate broking business in the UK.
Credit Suisse has named Joachim Ringer and Marc Schmidt as co-heads of Germany, while Hazem Shawki will lead EMEA emerging markets.
Besides these appointments, Credit Suisse made several other changes to its hierarchy.
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By GlobalDataA Credit Suisse spokesperson confirmed the new appointments to multiple publications.
In a memo, seen by Financial News, Miller highlighted that the changes are aimed at facilitating decision making and streamlining processes to better serve its clients.
Miller replaced James Amine in November as the latter now leads private credit opportunities.
Last month, the Swiss private bank also named Eric Varvel as the new chairman of IBCM.
Weeks ago, Credit Suisse implemented AccessFintech’s trading exception management solution Global Exception Network.
Accessible to financial market industry participants, the solution is expected to speed-up trade settlements and resolve exceptions swiftly.
Credit Suisse recently also partnered with Lombard Odier to roll out a new consumer fund.
