The bank said the closure was unrelated to the recent Panama Papers leak, noting that is remains committed to the region via its presence in Mexico, Brazil and Chile.
Credit Suisse adds several UBS wealth managers to Mexico-based team
Under CEO Tidjane Thiam, Credit Suisse's new strategy is centered on the expansion of wealth management operations in emerging markets, including Mexico and Brazil.
Morgan Stanley makes play for Credit Suisse’s US offshore team
The early-December announcement ends a month of uncertainty for the Miami and New York-based CS brokers, who were not included in a recruitment arrangement with Wells Fargo that covered US onshore advisors.
Credit Suisse appoints new LatAm wealth management head
In October, Credit Suisse announced it would close its domestic US private bank as part of wider plans to slim down the business and increase their presence in markets like Latin America and Asia. The Latin American unit will be led by Ignacio Martos.
Credit Suisse names Pedro Jorge Villarreal the CEO of its Mexican operation
Pedro Jorge Villarreal, a 15-year veteran of Credit Suisse, will be taking over the country CEO role from Hector Grisi, who has moved to Grupo Financiero Santander México.
Iñaki Bernus is the new director of private banking at Credit Suisse
Bernus has over 24 years’ experience in private banking; prior to joining Credit Suisse Mexico in 2010, he was director of private banking at Invex Grupo Financiero and regional director of wealth management and specialized advisory services at Banorte.
Credit Suisse names Pereira as Brazil CEO
Credit Suisse Group named José Olympio Pereira as chief executive of its Brazilian unit, overseeing investment banking, private banking and asset management divisions. He replaces Antonio Quintella.
Felipe Godard appointed new Head of Deutsche Wealth Management Latin America
He will be based in Geneva, Switzerland and will report to Haig Ariyan and Chip Packard, Co-Heads of Wealth Management, Americas.
BlackRock to buy Credit Suisse ETF arm
Upon completion of the deal iShares – BlackRock’s ETF arm – will run 264 ETFs with USD157.6 billion.
Credit Suisse to sell European ETF business
Credit Suisse Group has put its USD17.2 billion European exchange-traded fund business up for sale.