Credit Suisse mulls Asia investment bank overhaul

Time for change: A Credit Suisse bank branch in Zurich. The move is another step by the bank to centralise operations and reverse a strategy under former chief executive officer Tidjane Thiam. — Bloomberg

ZURICH: Credit Suisse Group AG is considering moving its Asian investment banking operations into its global securities and advisory business as part of a wider overhaul by chairman Antonio Horta-Osorio to turn around the troubled bank.

Consolidating the advisory business into the global investment bank would mirror a similar move last year to bring the Asian markets activities into that unit, according to people familiar with the matter, who declined to be identified discussing private matters.