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Credit Suisse Removes Managers Amid Greensill Wind-Down

Credit Suisse has suspended three senior asset management employees, according to sources familiar with the matter, after the Swiss bank announced it is winding down $10 billion in funds linked to troubled finance company Greensill Capital.

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Credit Suisse shaken by aftershocks of Greensill insolvency

ZURICH/TOKYO Credit Suisse faces questions from regulators and insurers as it grapples with the fall-out from the collapse of $10 billion worth of supply…

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Credit Suisse employees step aside after Greensill collapse: memo

5 Min Read ZURICH (Reuters) - Credit Suisse grappled with the fall-out of Greensill Capital’s insolvency on Wednesday, as the head of its European asset management division temporarily stepped aside and it appointed receivers to recover a $140 million loan in Australia. FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland, Oct. 28, 2020. REUTERS/Arnd Wiegmann The Swiss bank was a key source of funding for the speciality finance firm, selling $10 billion worth of securities created by Greensill to investors via its asset management arm. Greensill began to unravel last week after losing insurance coverage for its debt repackaging business, prompting Credit Suisse to freeze its Greensill-linked funds.

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Credit Suisse suspends EMEA AM head amid Greensill fallout, reports

Credit Suisse suspends EMEA AM head amid Greensill fallout, reports
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Credit Suisse Removes Bankers Over Greensill

Michel Degen Credit Suisse Removes Bankers Over Greensill Eric Varvel is making management changes at the Swiss bank s under-fire asset management unit, finews.com has learned. This follows the implosion of a $10.1 billion line of funds co-managed with supply chain specialist Greensill. Zurich-based Credit Suisse is taking Michel Degen off the job temporarily as the head of its asset management activities in Switzerland and wider Europe, the Middle East, and Africa, effective immediately, according to a memo to the unit s staff on Wednesday, finews.com can report. «I ve asked Filippo Rima to take on the ad interim head of asset management head of Switzerland and EMEA,»

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