Eric Varvel is the CEO and President of Credit Suisse Holdings. if (isOneTrustAnyBlocked()) { James Walker has been appointed CEO ad interim of Credit Suisse Holdings (USA) Inc, the memo from Chief Executive Thomas Gottstein said. cEnd = document.cookie.length; function isOneTrustAnyBlocked() { He will report to Iqbal Khan, CEO International Wealth Management, and has more than 25 years of experience at Credit Suisse. credit-suisse.com. return _regex.test(_qs); The Financial Times had reported last week that he was in talks to leave, owing partly to disagreement with Horta-Osario. Announced Date . Similarly to Bob Jain, Varvel has had a long career at CS. Looking for Eric Varvel online? You have to be passionate about the job, and it's hard to do it really well if you aren't treating it like a lifestyle." [ II Deep Dive: Credit Suisse Takes Hit as . U.S. bankers' pay has swollen again this year: JPMorgan CEO Jamie Dimon is in line for stock and options worth $17 million for 2010, and Goldman Sachs chief Lloyd Blankfein was awarded $12.6 million in stock. Leif-Eric Easley, a professor at Ewha University in Seoul, said Yoon's address "offers hopeful signs not only for Seoul's relations with Tokyo, but also for South Korea's role in the world." . console.log('PUB-GDPR-CHECK'); He was global head of asset management. Headquartered in Zrich, it maintains offices in all major financial centers around the world and is one of the nine global "Bulge Bracket" banks providing services in investment banking, private banking, asset . 'id' : '42248011' , ZURICH (Reuters) -Eric Varvel, chairman of Credit Suisse's investment bank and head of its U.S. holding company, is leaving the Swiss group where he has worked for three decades, a staff memo seen by Reuters and confirmed by the bank said. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Previously he was a managing director of Credit Suisse in the international wealth management division based in New York. Have a confidential story, tip, or comment youd like to share? At a moment when investment banks are feasting on market activity and dealmaking, Credit Suisse is under mounting pressure to persuade shareholders and clients it can put its house in order and remain a vital, independent force in global banking. window._mpspixZ = (function(a){var b="abcdefghiklmnopqrstuvwxyz".split("");a||(a=Math.floor(Math.random()*b.length));for(var c="",d=0;d
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Analysis: Goldman Sachs faces hard sell for its consumer assets, European banks, asset managers study halving stocks settlement time, Reporting by Oliver Hirt Writing by Michael Shields Editing by Jane Merriman and Mark Potter, U.S. Congress votes to block ESG investing, Biden veto expected, Silvergate slumps after delaying annual report, warning about viability, Analysis: Watch out risk assets, the rout in bonds is coming your way, Swiss bankers face trial accused of helping Putin's friend transfer cash, Saudi, UK ministers agree to study combat air cooperation -Saudi agency, US pick to head World Bank, ex-Mastercard CEO Banga, starts 'charm offensive', Brazil's Petrobras posts Q4 profit up 38%, US NTSB investigates new runway 'close call' incident, Exclusive news, data and analytics for financial market professionals. After the firm announced plans to cut its dividend and suspend share buybacks, analysts at JPMorgan Chase & Co. cut their recommendation for the . 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