Neelkanth Mishra, co-head of Asia Pacific strategy at Credit Suisse Group AG, has resigned from the company and is set to join Mumbai-based Axis Bank Ltd, according to Bloomberg report. A veteran of two decades at the Swiss bank, Mishra has agreed to helm Axis Bank’s research department, the people said, asking not to be…
Credit Suisse and BlackRock have partnered to build the next generation of purpose-driven investments that aim to provide attractive private equity returns in line with the Credit Suisse Supertrends. According to a statement, “This will be the first in a series of investment initiatives created for the private wealth market for eligible individual investors. They…
Global financial services provider Credit Suisse announced it is expanding and increasing the flexibility of parental leave for caregivers. The maternity or adoption leave for the primary caregiver will be 26 weeks, and will no longer dependent on the years of service. The paternity or adoption leave for the secondary caregiver will be six weeks, instead of the current 12…
Global financial services provider Credit Suisse Group announced two internal appointments to the Executive Board of the company. Christine Graeff is appointed Global Head of Human Resources. She succeeds Antoinette Poschung who is retiring by the end of January 2022, entitled to her statutory retirement. Rafael Lopez Lorenzo is appointed Chief Compliance Officer. Rafael is currently Global Head of…
Credit Suisse Group AG, one of the world’s leading financial services providers, announced the appointment of David Wildermuth as Chief Risk Officer and a member of the Executive Board of Credit Suisse Group, effective from February 1, 2022. He will be based in Zurich and will report directly to Group Chief Executive Officer Thomas Gottstein.…
Daloopa has announced that it has closed $20 million in Series A financing to accelerate its AI-driven data extraction offerings for financial institutions. The new funding round was led by Credit Suisse Asset Management’s NEXT Investors, along with participation from existing investors Nexus Venture Partners, Uncorrelated Ventures, and Hack VC. Daloopa has raised $24 million…
Floriana Scarlato has decided to leave Credit Suisse to pursue a new challenge outside the bank. She will step down from her role as Head of Compliance Swiss Universal Bank (SUB), as a member of the Management Committee of the SUB and from the Executive Board of Credit Suisse (Switzerland) Ltd. with immediate effect. Scarlato…
Credit Suisse announced that it has appointed Janice Hu as CEO of China, as the bank continues to expand its franchise and presence in mainland China. The appointment is with immediate effect. Janice Hu succeeds Zhenyi Tang, who is leaving Credit Suisse to pursue other opportunities outside the financial services sector. Carsten Stoehr, CEO of…
Credit Suisse Group AG announced the appointment of Joanne Hannaford as Chief Technology & Operations Officer and a member of the Executive Board of Credit Suisse Group, effective January 1, 2022. Hannaford joins from Goldman Sachs, bringing deep technical expertise, creativity and strong leadership acquired in a global setting over the past three decades. Joanne…
Credit Suisse has announced the final closing of the Credit Suisse Climate Innovation Fund, a USD 318 million fund dedicated to allocating capital at the intersection of venture capital companies focused on disruptive technologies, solving for a significant reduction of greenhouse gas emissions. The Credit Suisse Climate Innovation Fund will commit capital to ten venture…
Credit Suisse AG plans to hire more than 1,000 IT employees in India this year, as part of its strategy to make the country its centre for technology innovation globally, ET Bureau reports. The Swiss-based bank has the highest staff of IT professionals globally in India, which amounts to 25%. The hiring plan is a…
upGrad, South Asia’s largest online higher education company, announced that it has raised USD 120 million from Temasek, a global investment company headquartered in Singapore. This is the first external funding raised by the edtech major. Since its founding six years ago in 2015, upGrad has been 100% owned, funded, and run by its co-founders…
Credit Suisse, one of the world’s leading financial services providers, announced the appointment of Ulrich Körner as CEO Asset Management and a member of the Executive Board of Credit Suisse Group, effective April 1, 2021. From that date, the Asset Management business will be separated from the International Wealth Management division and managed as a…
The Board of Directors of Credit Suisse Group AG proposes to the shareholders to elect António Horta-Osório as the new Chairman of the Board of Directors at the next Annual General Meeting on April 30, 2021. António Horta-Osório will succeed Urs Rohner who will step down in 2021 upon reaching the statutory term of 12…
AMD and Xilinx announced they have entered into a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. “The combination will create the industry’s leading high performance computing company, significantly expanding the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established…