Credit Suisse, a Switzerland-based global investment bank, has appointed
Aurélien Gleyze, its former Director and Co-Head of Electronic Macro Trading,
as its Head of FX Spot for Europe, Middle East and Africa (EMEA). The new
role comes after Gleyze spent over two years in the former role.
The executive, who announced his new position on Friday on LinkedIn, joined Credit
Suisse in June 2014 as a Fixed Income Summer Analyst. He would later serve as
the Vice President of Electronic FX and Precious Metals Trading over the course
of the next six years before becoming a Director in November 2020.
Gleyze’s appointment comes days after reports emerged that the Swiss banking
giant may shred its European investment banking team by over 10%. The firm in
October last year had disclosed plans to layoff approximately 9,000 employees
over the next three years.
Credit Suisse is also battling the departure of several of its senior
executives. At the start of the month, Cathal Deasy, the company’s Co-Head of
Investment Banking and Capital Markets (IBCM) in Europe, resigned from her position.
Watch this recent FMLS22 session on constructing collaboration between fintech and banks.
The investment banking industry is generally fighting off tough economic
conditions, with global investment banking giant Goldman Sachs Group cutting out 3,200 positions recently to reduce
its operating costs. However, Credit Suisse is facing more heat as the institution struggles
to recover from several scandals and lawsuits that have been
trailing it over the years, including a massive data leak in early 2022.
The Swiss investment banking giant, which is planning a “radical restructure” of its business, posted heavy losses in its third
quarter 2022 financial statements, with the figures reaching $4.99 billion. The
company in late November further disclosed that it was expecting to end the
fourth quarter with a pre-tax loss of up to CHF 1.5 billion ($1.58 billion).
However, the company recently said it was taking measures to boost its
finances, including raising CHF 4 billion ($4.01 billion) from
its investors and focusing on its wealth management business.
Credit Suisse, a Switzerland-based global investment bank, has appointed
Aurélien Gleyze, its former Director and Co-Head of Electronic Macro Trading,
as its Head of FX Spot for Europe, Middle East and Africa (EMEA). The new
role comes after Gleyze spent over two years in the former role.
The executive, who announced his new position on Friday on LinkedIn, joined Credit
Suisse in June 2014 as a Fixed Income Summer Analyst. He would later serve as
the Vice President of Electronic FX and Precious Metals Trading over the course
of the next six years before becoming a Director in November 2020.
Gleyze’s appointment comes days after reports emerged that the Swiss banking
giant may shred its European investment banking team by over 10%. The firm in
October last year had disclosed plans to layoff approximately 9,000 employees
over the next three years.
Credit Suisse is also battling the departure of several of its senior
executives. At the start of the month, Cathal Deasy, the company’s Co-Head of
Investment Banking and Capital Markets (IBCM) in Europe, resigned from her position.
Watch this recent FMLS22 session on constructing collaboration between fintech and banks.
The investment banking industry is generally fighting off tough economic
conditions, with global investment banking giant Goldman Sachs Group cutting out 3,200 positions recently to reduce
its operating costs. However, Credit Suisse is facing more heat as the institution struggles
to recover from several scandals and lawsuits that have been
trailing it over the years, including a massive data leak in early 2022.
The Swiss investment banking giant, which is planning a “radical restructure” of its business, posted heavy losses in its third
quarter 2022 financial statements, with the figures reaching $4.99 billion. The
company in late November further disclosed that it was expecting to end the
fourth quarter with a pre-tax loss of up to CHF 1.5 billion ($1.58 billion).
However, the company recently said it was taking measures to boost its
finances, including raising CHF 4 billion ($4.01 billion) from
its investors and focusing on its wealth management business.