People familiar with the matter revealed that when Credit Suisse Group was turbulent, its Hong Kong private banking business recently left more employees.
According to Bloomberg report on October 4, Luke Chiu, managing director and head of the Chinese market, has resigned from the bank.Nelson Hui, director and head of the Chinese team, has also resigned, and there are two customer relationship managers who also resign.
Steven Lau, a director of Hong Kong team, also resigned a few weeks ago and will join the competitor company.There were two other high -level private bankers resigned last month.
Credit Suisse has recently been troubled by negative news. Last week, it was reported that it might go bankrupt, or the latter dust of the Lehman brothers in 2008 detonated another global financial crisis.The incident triggered Credit Credit Credit Debto (CDS) to rise to 355 points, a record high.CEO Ulrich Koerner has previously issued a statement to employees, admitting that the group is at a critical moment and will be reorganized.
Credit Suisse has been plagued by a series of scandals in recent years, including Archegos bursting warehouses, GreenSill bankruptcy, and leakage incidents, which damaged the company's reputation and dragged their performance.Its stock price fell from February last year and fell from $ 14.90 (S $ 21.21) to $ 3.92 of the market closed last Friday.
