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Alexandre Zeller, recently retired, reflects on his distinguished banking career, having held leadership roles at Credit Suisse, BCV, HSBC Switzerland, and the Swiss Stock Exchange, culminating as a partner at Lombard Odier. He discusses the factors behind Credit Suisse's decline and his experiences managing the Falciani affair, all while enjoying fondue bourguignonne. At Lombard Odier, he focused on modernizing IT, compliance, and human resources until the end of 2024.
UBS will relocate to Lindenstrasse in Sarnen on February 17, 2025, at 5:00 a.m. This move follows the merger between UBS and Credit Suisse in Switzerland, which was finalized on July 1, 2024, and will influence banking operations in the Sarnen area.
Barclays has appointed Vijay Shankar as managing director and head of global transaction banking for APAC & Middle East, and Amaar Khan as managing director, CIO, and head of corporate banking technology for the same region, both based in Singapore. Shankar brings over 38 years of experience in transaction banking, previously serving at ANZ Bank, Standard Chartered, and Deutsche Bank. Khan, with 27 years in technology, has held senior roles at Bank of New York, Bank of Singapore, and other major financial institutions.
The Lucerne Festival faces a funding crisis as main sponsor Sibylla and Christoph M. Müller withdraw support over the retention of Walter Kielholz on the Board of Trustees, citing his role in the Credit Suisse scandals. The festival defends Kielholz, emphasizing his contributions, while asserting its financial stability and finding a replacement sponsor.
UBS in the UK offers a unique sabbatical benefit exclusively for former Credit Suisse employees, allowing them up to three months of paid leave every five years, with varying salary percentages. This unequal treatment arises from some ex-CS employees retaining their original contracts post-merger, while pre-merger UBS staff do not qualify for this benefit. Additionally, UBS is phasing out Credit Suisse ATMs and features due to low usage.
Following the merger with UBS, former Credit Suisse employees in the UK can retain certain benefits, including the ability to take a sabbatical of up to three months every five years, a privilege not available to UBS staff. As UBS plans to reduce its workforce from 109,000 to 85,000 by 2026, the integration of Credit Suisse employees poses challenges due to differing corporate cultures and client risk profiles.
The Lucerne Festival faces a sponsorship crisis as private sponsors Sibylla and Christoph M. Müller withdraw support over the presence of former Credit Suisse executives on the Board of Trustees. While Urs Rohner resigned, Walter Kielholz remains, prompting criticism from Müller, who emphasizes the importance of social accountability in cultural sponsorship. The Müllers plan to redirect their funding to other institutions, as the festival seeks new sponsors to replace them.
The Lucerne Festival faces a significant setback as main sponsors Christoph and Sibylla M. Müller withdraw their support over a dispute regarding former Credit Suisse executives Urs Rohner and Walter Kielholz. The couple, who have backed the festival for 25 years, demand a reevaluation of values in cultural sponsorship, citing concerns over reputation-washing. Despite Rohner's resignation, the Müllers remain firm in their decision, redirecting their funding to other institutions.
Former Credit Suisse employees in the UK who transferred to UBS retain the right to paid sabbaticals, a benefit not available to UBS staff, highlighting disparities in employee perks post-merger. They can take up to three months of leave every five years, with salary reductions in subsequent months. As UBS undergoes significant job cuts, it aims to streamline its workforce from nearly 109,000 to 85,000 by 2026, while addressing cultural integration challenges.
Deutsche Bank has appointed Arlene Schuchard as the new head of its Latin American private banking division in Switzerland. With over 20 years of banking experience across major cities, she will report to Marco Pagliara in Singapore and collaborate closely with the Latin America market leader, Pascal Landrove. Schuchard, who holds an MBA from INSEAD and is fluent in English, German, and Spanish, previously served as Managing Director at Credit Suisse.
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alexandre zeller reflects on his banking career and credit suisse's downfall
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05:03 17.02.2025
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ubs offers sabbaticals exclusively for former credit suisse employees in the uk
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ubs offers sabbatical benefits to former credit suisse employees in the uk
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08:35 14.02.2025
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