Ten years on: Mack at CSFB

Ten years ago this week, John Mack was appointed chief executive of Credit Suisse First Boston. Three years later, he exited after a strategy dispute. Here is a look at Mack the Knife’s tenure at the investment bank

Wednesday 13 July 2011 at 06:54

Ten years ago this week, John Mack was appointed chief executive of Credit Suisse First Boston. Three years later, he exited after a strategy dispute. Here is a look at Mack the Knife’s tenure at the investment bank.

During Mack's time at the bank, Credit Suisse Group streamlined its business. The Swiss-American banking conglomerate cut almost 10,000 jobs and sold off several assets, including the underperforming Italian operation of Winterthur. The Mack era was also a time of relative contraction though.