Credit Suisse bankers learn to love their new boss
When Credit Suisse appointed star dealmaker Michael Klein to its board in 2018, some of the firm’s most senior investment bankers were horrified. They did not doubt the skills of the former Citigroup banker, who had worked on some of the biggest-ever M&A transactions. But they were aghast that a rival would be invited to oversee their business.
Their complaints fell on deaf ears. And for those who remain four years later, a twist: Klein is their new boss.
This is part of a desperate roll of the dice by Credit Suisse, which has been ground down by a series of scandals, tempestuous leadership departures and dire financial performance.
This story originally appeared on: Financial Times - Author:Tom Braithwaite
