Credit Suisse replaces asset management head after scandal

Credit Suisse's head of asset management is stepping down after the bank was embroiled in the collapse of Greensill Capital.
Credit Suisse logo | Photo: ARND WIEGMANN/REUTERS / X90184
Credit Suisse logo | Photo: ARND WIEGMANN/REUTERS / X90184
By Patrick Winters and Marion Halftermeyer / BLOOMBERG

Credit Suisse Group AG’s head of asset management Eric Varvel is stepping down after the bank was embroiled in the collapse of Greensill Capital, and will be replaced by a former UBS Group AG industry veteran, the bank said in a statement.

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