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Credit Suisse kicks off ‘very aggressive’ hiring spree after Archegos exodus

Swiss bank brings in new recruits in bid to replenish top ranks

In Europe, Credit Suisse has hired eight managing directors and five directors for its investment bank
In Europe, Credit Suisse has hired eight managing directors and five directors for its investment bank Photo: Getty Images

Credit Suisse has hired or promoted 45 senior dealmakers in key markets this year, as the Swiss bank has raced to replenish its investment bank after a spate of departures in the wake of the Archegos crisis.

The Swiss bank has struggled to stem an exodus of senior bankers since it was hit with a $5.5bn loss from the collapse of family office Archegos Capital in March alongside its exposure to defunct supply chain finance firm Greensill Capital.

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