Five senior Credit Suisse executives will leave UBS following the takeover, including CFO Dixit Joshi, general counsel Markus Diethelm, Edwin Low, head of the Asia-Pacific region, David Miller, co-head of the investment bank, and Ken Pang, co-head of markets, The Financial Times’ Owen Walker reports. The departures were disclosed in an internal memo seen by the publication and confirmed by UBS, which also revealed that Francesco De Ferrari, who had run Credit Suisse’s wealth management arm, will become a senior adviser to UBS wealth head Iqbal Khan. Further job cuts are expected in the coming weeks, with Credit Suisse’s investment bank and its domestic business expected to bear the majority of redundancies.
Published first on TheFly
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