Greg RoumeliotisPamela Barbaglia
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The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann/File Photo
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Credit Suisse (CSGN.S) has lost a key dealmaker in Europe, two sources familiar with the move said, as a pay-driven exodus of top investment bankers which began in the United States spreads.
Switzerland s second-largest bank is struggling to retain staff after trimming bonuses to tackle losses of more than $5 billion stemming from the collapse of U.S. investment firm Archegos and damage caused by Greensill Capital s insolvency.
Armando Rubio-Alvarez, who heads the Swiss bank s financial institutions (FIG) franchise in Europe, the Middle East and Africa, is moving to Jefferies (JEF.N), the sources said.
Credit Suisse has lost a key dealmaker in Europe, two sources familiar with the move said, as a pay-driven exodus of top investment bankers which began in the United States spreads.
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