UK - Credit Suisse has announced that Russell Chambers will join the company in June in the newly created London-based post of chief executive officer.
He will report to Leonhard Fischer, chief executive officer of the EMEA region, and will be responsible for the investment banking, private banking and asset management divisions in the UK.
Fischer commented: “The depth of his experience across both private banking and investment banking will benefit our business as we seek to further leverage the momentum of our business.”
Russell is a qualified solicitor and has a 20-year history in investment banking and wealth management. He joins from UBS and began his banking career at Merrill Lynch.
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The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.