Monday, 23rd November 2009

 

Credit Suisse’s private banking head for China leaves

But it is unclear where he is going.

Credit Suisse's private banking head for China Alfred Tsai, is leaving, according to a Dow Jones report.

The report said Tsai is currently on leave and his last official day is April 8th.

Anuj Khanna, Credit Suiss's head of private banking North Asia, will oversee the China market in the meantime.

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

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