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Latest job changes across the industry
Credit Suisse faces some tough choices as it absorbs the extraordinary losses inflicted by the Greensill and Archegos fund fiascos and subsequent ratings hit. On April 6, the firm announced an estimated pre-tax loss of approximately Sfr900 million ($963 million) for the first quarter, including a charge of Sfr4.4 billion ($4.7 billion) in respect of Archegos. At the same time, the firm announced that investment bank CEO
Brian Chin and chief risk and compliance officer Lara Warner were stepping down from their roles with immediate effect.
Christian Meissner, co-head of wealth management banking advisory and vice-chair of investment banking, will replace Chin in May. Meissner was previously head of global corporate and investment banking at Bank of America Merrill Lynch, and earlier co-CEO for EMEA at Lehman Brothers.
UPDATED 9:46PM, APR 7 2021
Betway Aintree Hurdle (Grade 1) | 2m4f | 4yo+ | ITV/RTV
The winners of all seven Grade 1 hurdles at last month’s Cheltenham Festival were trained in Ireland and it is therefore no surprise that two of the top three in this market are based in the Emerald Isle.
Abacadabras could not hold a candle to Honeysuckle when second in the Irish Champion Hurdle at Leopardstown in February but it has since turned out that there are not many who can after the mare proved herself outstanding with victory at Cheltenham.
Abacadabras fell at the third flight in the Champion Hurdle and that is a concern. Backing last-time-out fallers in Grade 1 hurdles since the start of 2016 would have yielded a loss of £11.60 to £1 level stakes and only five have won from a total of 43 runners (12 per cent).