Published 3 years ago

Credit Suisse names new asset management COO as post-crisis shakeup continues

Summary by Ground News

The broker is very positive on QBE Insurance Group, as overseas comparables continue to confirm ongoing rate momentum. The group is currently trading at a -35% discount to the market, well below its five-year average discount of around -20%. If QBE meets the Credit Suisse target it will return approximately 20% (excluding dividends, fees and charges)

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Reuters

Credit Suisse names new asset management COO as post-crisis shakeup continues

ZURICH - Credit Suisse on Monday named Markus Ruetimann as new global chief operating officer of Credit Suisse Asset Management (CSAM) as the Zurich bank turns to the ex-UBS and Schroders manager to help it recover from repeated crises. Ruetimann will report to Ulrich Koerner, another former UBS executive named in March to lead asset management, as the Swiss bank separated the business

3 years ago·United Kingdom

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