UBS Culls Credit Suisse’s Top Leaders After Historic Deal Closes

UBS Group AG said a slew of top Credit Suisse Group AG executives will leave, while others will take on lesser roles, as the larger bank exerts its dominance following the historic takeover.

High-profile departures include Credit Suisse Chief Financial Officer Dixit Joshi and co-head of the investment bank David Miller. Only a fifth of the 160 leadership positions in the combined bank announced Monday are coming from Credit Suisse, according to a UBS spokeswoman.

Dixit Joshi

Source: Credit Suisse Group AG

Of those staying, former Credit Suisse wealth management head Francesco de Ferrari remains as an adviser to UBS’s private banking head Iqbal Khan ...