Yesterday was Credit Suisse’s big strategy day. We have everything you could ever want to know about Tidjane Thiam’s vision for the future here. But if you want the attenuated version, you can simply look at the charts below, extracted from the presentations of Timothy O’Hara, head of global markets, Jim Amine, head of investment banking and capital markets, and Iqbal Khan, head of international wealth management.
1. Timothy O’Hara will be hiring in areas related to cash equities and equity derivatives and cutting everywhere else – macro products especially
Source: Credit Suisse
2. Jim Amine will be hiring in M&A and ECM, especially in the Americas. If anyone goes from IBD, it will be from DCM, probably in EMEA
(Later in his presentation, Amine said he’ll be hiring managing directors in particular.)
Source: Credit Suisse
3. Iqbal Khan will be hiring relationship managers to work with ultra high net worth (UHNW) clients in emerging markets. He will be dispensing with relationship managers in marginal locations
(Later in his presentation, Khan said he wants to set up new advisory offices in the Netherlands and Sweden, to expand in Brazil, Saudi Arabia and Sub-Saharan Africa, and to automate the mass affluent business.)
Source: Credit Suisse
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