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Activist who called for Credit Suisse break-up says latest overhaul isn’t enough

RBR Capital Advisors' Rudolf Bohli calls latest restructure 'half-baked' after pushing for more radical changes as far back as 2017

By Paul Clarke
Credit Suisse unveiled another strategy overhaul on 27 October this year that has some parallels to RBR’s proposals in 2017
Credit Suisse unveiled another strategy overhaul on 27 October this year that has some parallels to RBR’s proposals in 2017 Photo: Fabrice Coffrini/Getty Images

An activist investor who called for Credit Suisse's break-up five years ago said that the Swiss bank’s new overhaul "barely scratches the surface", and more needs to be done to turn it around.

Rudolf Bohli’s activist hedge fund RBR Capital Advisors took a CHF100m ($106m) stake in Credit Suisse in 2017, pushing for the lender to be broken up into three parts including a revival of its First Boston brand for the investment bank, spinning out its asset management unit, and refocusing on wealth management.

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