UBS, Credit Suisse Revamp Legal Teams in Archegos Aftermath (3)

Swiss financial services giants UBS Group AG and Credit Suisse Group AG have shaken up their in-house legal and compliance staffs in the wake of the collapse of family office Archegos Capital Management LP.

UBS announced Tuesday its hire of Rio Tinto PLC chief legal officer and external affairs executive Barbara Levi as its new group general counsel. Levi will replace longtime legal chief Markus Diethelm, who will retire as of Nov. 1 but remain an adviser to UBS through 2022, the Zurich-based bank said.

Another Zurich-based financial giant, Credit Suisse, said Monday that it had appointed Renato Costantini, head ...