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(Bloomberg) Credit Suisse Group AG is close to hiring ex-AMP Ltd. Chief Executive Officer Francesco De Ferrari to lead wealth management as Chairman Antonio Horta-Osorio readies a shakeup of key businesses. De Ferrari, an ex-Credit Suisse banker who left Australian wealth manager AMP in June, is in discussions to run a combination of the Swiss bank’s private banking businesses, people with knowledge of the matter said. Credit Suisse presents a long-awaited strategy update on Thursday that’s expected to shed light on possible plans to reorganize its regional wealth units, currently split across several divisions. The discussions show how Horta-Osorio is shaking up the leadership and structure of Credit Suisse’s primary profit engine as he prepares to lay out his strategy for turning around the bank’s fortunes. The lender is reeling from an exodus of talent at the investment bank after the financial and reputational hits from Archegos and Greensill wiped out billions of dollars

Philipp wehleHelman sitohangJoe stadlerBabak dastmaltschiIqbal khanYves alain sommerhalderAndre helfensteinAntonio horta osorioAsia pacificBloomberg credit suisse groupCredit suisseChief executive officer francesco de ferrariChairman antonio horta osorioStrategic client partnersBusiness general