Credit Suisseâs McKessar to Leave as Banker Exodus Accelerates
This content was published on May 21, 2021 - 04:45
May 21, 2021 - 04:45
(Bloomberg) Credit Suisse Group AG senior banker Tim McKessar is joining UBS Group AG, becoming the latest to leave the embattled Swiss lender following the collapse of hedge fund Archegos Capital Management.
McKessar will start at UBS in August running the telecommunications, media and technology advisory team in Sydney, partnering with Brendan Mulheron, according to an internal memo obtained by Bloomberg. McKessar had been at Credit Suisse since 2007 and most recently led its local TMT team.
McKessarâs addition is part of a fresh hiring spree at UBS, which has been on the hunt for talent after losing a string of bankers to new rivals in Australia. A slew of staffers are exiting Credit Suisse in the wake of debacles involving Archegos and supply-chain finance firm Greensill Capital. The Swiss lender last month slashed the amount of