ZURICH: Credit Suisse is looking to tighten its international wealth management’s regional structure in a move it hopes will help the unit grow profits by 10% annually from next year, the bank said in an internal memo.
Both Credit Suisse and its international wealth management (IWM) unit have been under fresh leadership over the past year, since an acrimonious fall-out between former IWM head Iqbal Khan which led to Khan leaving for rival UBS last summer and in February cost former CEO Tidjane Thiam his job.
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