Credit Suisse loses two more senior private bankers in Hong Kong
Sign up now: Get ST's newsletters delivered to your inbox
Credit Suisse has seen a slew of senior departures as it undertakes an overhaul of its business after years of scandals.
PHOTO: REUTERS
Follow topic:
Hong Kong – Credit Suisse Group has lost two more senior private bankers in Hong Kong as attrition continues at the Swiss bank, according to sources.
Ms Mandy Loo, a managing director for the China market, and Mr Howard Wu, a team leader for Greater China investment consultants, have both left the bank, the sources said.
A Credit Suisse spokesman in Singapore confirmed the departures.
Ms Loo was with the bank for over a decade, while Mr Wu joined about 18 years ago, according to their LinkedIn profiles.
Credit Suisse has seen a slew of senior banker departures as it undertakes an overhaul of its business after years of scandals
The new strategy includes plans to spin off its capital market, advisory and leveraged finance businesses into a boutique unit under the Credit Suisse First Boston branding, while integrating its remaining trading businesses more closely with the wealth management business. BLOOMBERG
