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The president of investment bank Meissner takes off his hat.
Investment bank president Christian Messner will leave the big bank with immediate effect, CS announced. This is part of the radical restructuring that the bank introduced on Thursday.
CS First board member Michael Klein will also leave the board of directors for the launch of the stand-alone CS First Boston unit as an advisor to group CEO Ulrich Korner. He is then set to take command of CS First Boston as CEO from 2023, subject to approval by supervisory authorities, it is said. During the transition period, David Miller will assume the role of Global Head of Investment Banking and Capital Markets.
In addition, Mike J. Ebert and Ken Pang will take over the markets business at the beginning of November. Ebert is currently the co-chair of the Investment Bank and Global Trade Solutions (GTS) unit. Pang is the co-chair of GTS and the co-chair of the Asia Pacific Investment Bank.
As of November 1, Louise Kitchen will head the newly established CRU settlement unit, which will report to Chief Financial Officer Dixit Joshi. It is moving from Deutsche Bank to Credit Suisse. (SDA/sfa)
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