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Manager of the CS, apparently, a candidate for the bear-head post

One of the biggest hopefuls of the Credit Suisse has drawn the attention of smaller rival Julius Baer. Credit Suisse Manager Iqbal Khan was one of the candida

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Manager of the CS, apparently, a candidate for the bear-head post

One of the biggest hopefuls of the Credit Suisse has drawn the attention of smaller rival Julius Baer. Credit Suisse Manager Iqbal Khan was one of the candidates for the post of CEO at bear, said the Situation of people familiar to the Reuters news Agency.

Khan is the second-largest Swiss Bank at the time head of the International wealth management business. The area was, since his inauguration in 2015, the strongest growth of the three in the business with wealthy private individuals, divisions, and increased the adjusted pre-tax profit, rising to 1.8 billion Swiss francs. Finally, the Name of the former Ernst&Young consultant Khan fell again and again, when it came to filling Top Jobs in Switzerland, in the case of the Credit-Suisse-arch-rival UBS.

Should Khan come to the conclusion that his career outside of Credit Suisse to continue, would have to fill his successor big shoes. As possible candidates the more recent Swiss CS-Manager Felix Baumgartner, Benjamin Cavalli, Yves-Alain sommerhalder, and Serge Fehr, Eric Varvel, as well as the members of the Executive Board Thomas Gottstein and James amines would be the case familiar Person.

new Chapter

Credit Suisse and Julius Baer would not comment. Julius Baer is already in a staffing transition. At the annual General meeting of 10. April should apply to the Chairman of the Board of the stock exchange group SIX, Romeo Lacher, the same function in the largest listed pure-play wealth Manager in Switzerland.

However, familiar with the Situation of persons, according to the Board of Directors has already begun to look for possible candidates for a successor for the post of CEO of lookout occupied since November 2017 by Bernhard Hodler. The former risk chief the Bank is busy at the time, legal cases from the previous growth phase of the company to execute.

Should Khan move to bear, would turn to the Bank for a new Chapter. A possible change, many hurdles stand in your way. One of them is likely to be the wage. According to one expert, he would have to take cuts.

The present bear-chief Hodler earned the last of 6.2 million Swiss francs. In addition, a possible later jump from Baer, which manages 382 billion Swiss francs in customer deposits could be, at the tip of a much larger Institute difficult, so the expert. (fal/sda)

Created: 29.03.2019, 17:07 PM

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