{"id":118037,"date":"2021-07-12T08:53:37","date_gmt":"2021-07-12T08:53:37","guid":{"rendered":"https:\/\/fin2me.com\/?p=118037"},"modified":"2021-07-12T08:53:37","modified_gmt":"2021-07-12T08:53:37","slug":"credit-suisse-names-new-asset-management-coo-as-post-crisis-shakeup-continues","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/credit-suisse-names-new-asset-management-coo-as-post-crisis-shakeup-continues\/","title":{"rendered":"Credit Suisse names new asset management COO as post-crisis shakeup continues"},"content":{"rendered":"<figcaption>FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland, Oct. 28, 2020. REUTERS\/Arnd Wiegmann<\/figcaption><p>ZURICH (Reuters) &#8211; Credit Suisse 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 and Schroders manager to help it recover from repeated crises.<\/p>\n<p>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.<\/p>\n<p>\u201cIn 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,\u201d Koerner told Credit Suisse employees in a memo seen by Reuters and confirmed by the company.<\/p>\n<p>\u201cHe will also lead the regional COO teams across EMEA\/Switzerland, the Americas and APAC.\u201d<\/p>\n<p>The former CSAM Chief Operating Officer Mike D\u2019Angelo will support Ruetimann in helping develop a new operating model, said Koerner, who thanked D\u2019Angelo for his work over the last several years.<\/p>\n<p>The changes within CSAM follow a separate announcement on Monday that Credit Suisse\u2019s chief compliance officer of its domestic unit is quitting.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-credit-suisse-gp-asset-management\/credit-suisse-names-new-asset-management-coo-as-post-crisis-shakeup-continues-idUSKBN2EI0JU\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland, Oct. 28, 2020. REUTERS\/Arnd WiegmannZURICH (Reuters) &#8211; [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":118036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Credit Suisse names new asset management COO as post-crisis shakeup continues - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/credit-suisse-names-new-asset-management-coo-as-post-crisis-shakeup-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credit Suisse names new asset management COO as post-crisis shakeup continues - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland, Oct. 28, 2020. 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