Credit Suisse’s Gottstein Takes Window of Opportunity for Revamp

Credit Suisse Group AG Chief Executive Officer Thomas Gottstein is taking advantage of buoyant markets and the best first half in a decade to undertake a radical restructuring before a global recession brings a wave of defaults.

The Swiss national -- who took over from Tidjane Thiam in February -- is combining investment banking with trading in a business to be renamed global investment bank that will also incorporate the lender’s separate Asia markets unit. The restructuring extends across other parts of the company as well, from wealth management to risk and compliance.

Thomas Gottstein

Photographer: Fabrice Coffrini/AFP via Gett Images

Gottstein is seeking to put his ...