Credit Suisse makes cuts to prime brokerage team under new leader
The cuts were sparked by the departure of Indrajit Bardhan, Credit Suisse’s former global head of prime services, last month.
The cuts were sparked by the departure of Indrajit Bardhan, Credit Suisse’s former global head of prime services, last month.
Credit Suisse will expand responsibilities of its current head of Americas equities to include global prime services.
BNY Mellon will act as the successor depositary bank for its American depositary receipt programme.
Credit Suisse has become the latest bank to outsource its post-trade derivatives operations to a utility operated by FIS.