“But UBS is on the back foot. Competitors are gaining strength... Cronje needs to hit the ground running...” -- Mike Foster
Friday, 5th September 2008
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.
Frank Sinatra had it about right: “It's very subtle, the Continental, because it does what you want it to do.” I had spent the morning driving down relatively busy A roads behind a Ferrari 599 but was perfectly happy that I had got the better of the deal. It’s no hardship being cocooned in the plush cockpit of a Bentley Continental GT Speed listening to John Humphrys detailing the latest travails of our benighted government.
Russian tycoon Oleg Deripaska has raised his stake in the managing company of the emerging business district of Moscow City to 84% after buying out fellow oligarchs Prokhorov and Vladimir Potanin.
© 2008 eFinancialNews Ltd
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