Credit Suisse Group AG, Switzerland’s second-biggest bank, appointed David Mathers as chief financial officer, replacing Renato Fassbind, who’s retiring after six years on the job.
Credit Suisse Group AG Chief Financial Officer David Mathers said the bank’s macro business, which combines interest rates, foreign-exchange and commodities trading, remained “difficult” in the second quarter.
Credit Suisse Group AG’s hiring at its fixed-income division is “essentially complete,” said David Mathers , chief operating officer of the investment bank division.
Credit Suisse Group AG will target some senior staff in its latest round of job cuts as remuneration rules give Switzerland’s second-biggest bank less flexibility to reduce bonuses.
"Residential mortgage litigation remains a drag on earnings, particularly in the investment bank."
- David Mathers on Sep 09, 2014