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09 Apr 2021
It is often said, incorrectly, that the Chinese word for crisis consists of the characters meaning danger and opportunity. While the translation may be off the components are more like danger and change point they may well describe the situation at crisis-riddled Credit Suisse for one big name banker.
GlobalCapital last week wondered whether Christian Meissner, who only just got started as the Swiss shop’s international wealth management co-head, is about to reach new career heights as the Archegos and Greensill scandals unfold.
Meissner is the new boss of Crisis Suisse’s investment bank after Brian Chin departed, along with chief risk and compliance officer, Lara Warner, as a result of the Archegos affair, in which the bank may have lost as much as Sfr4.4bn ($4.7bn).
By Silas Brown
01.00 PM
A group of BNP Paribas bankers in Spain have jumped ship to join boutique firm Beka Finance, according to market sources. One person familiar with the situation said that the French bank will refill these roles in due course.
Arturo García-Tizón, a managing director in BNP Paribas’ corporate finance team, as well Diego Aguinaga, managing director in BNP’s advisory business, have left the bank. They are set to join Beka Finance, a boutique advisory bank, along with a director in BNP Paribas’ corporate finance team in Madrid,
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