Credit Suisse Group appointed James Leigh-Pemberton as head of its UK business, but it declined to comment on a fact it was slashing costs across Europe, Reuters reports.
Leigh-Pemberton will report to Eric Varvel, recently appointed chief executive of the Swiss bank’s Europe, Middle East and Africa region, Credit Suisse says in a statement.
Separately, Credit Suisse had slashed the costs of its top management team in Europe by 50 million Swiss francs ($48.8 million) or 30%, without disclosing its sources.
The full story is available at Reuters’ website