New chief executives face a big temptation to move the deckchairs around. After all, rejigging a company’s structure is an easy way to make an early mark. And for some reason the syndrome seems particularly acute in investment banking where bosses are forever rearranging the furniture.
So it is no great surprise that the new broom at Credit Suisse, Thomas Gottstein, has unveiled a fresh organigram. Some of this reverses the changes made by his predecessor, Tidjane Thiam, who had a former McKinsey consultant’s love of meddling with the matrix.