Credit Suisse names new asset management COO as post-crisis shakeup continues

ZURICH, July 12 (Reuters) – Credit Suisse (CSGN.S) on Monday named Markus Ruetimann as new global chief operating officer of Credit Suisse Asset Management (CSAM) as the Zurich bank turns to the ex-UBS (UBSG.S) and Schroders (SDR.L) manager to help it recover from repeated crises.

Ruetimann will report to Ulrich Koerner, another former UBS executive named in March to lead asset management, as the Swiss bank separated the business into its own division following the implosion of around $10 billion of funds related to British supply chain financier Greensill. read more

“In his role as Global COO of CSAM, Markus will have global oversight over technology and digital solutions, change and project management, operations as well as data and business services,” Koerner told Credit Suisse employees in a memo seen by Reuters and confirmed by the company.

“He will also lead the regional COO teams across EMEA/Switzerland, the Americas and APAC.”

The former CSAM…

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