Credit Suisse’s investment banking MD quits
(11 July 2016 – Australia) According to reports, Matthew Tehan, Credit Suisse's managing director, investment banking has resigned.
Tehan, who had joined Credit Suisse in 1999, was co-head of debt and derivatives, alongside Michael Tierney, who will now take responsibility for the unit.
Credit Suisse's first quarter 2016 results for the Asia-Pacific region showed the group had acquired roughly A$5.8 billion in new assets and achieved a 20 percent adjusted return on regulatory capital.
At the time, Credit Suisse chief executive Tidjane Thiam said: "We remain focused on profitable growth: margins were stable year on year in APAC, where net new assets grew by 11 percent and margins in IWM increased to their highest level since 2011.
"This illustrates the quality of our customer base and the strength of our relationships as well as the increased availability of capital to lend."
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