Credit Suisse Banker Who Created ESG Swaps Gets Senior UBS Role

The Credit Suisse executive who built an ESG debt-swap market that’s now attracting some of the world’s biggest banks has secured a senior role within UBS Group AG, according to an internal memo seen by Bloomberg.

Ramzi Issa, whose latest role was as global head of credit investor products structuring at Credit Suisse, will oversee global structured credit and sustainable credit products at UBS, following this year’s state-engineered takeover, the memo showed.

Issa’s appointment signals that Credit Suisse bankers can win top roles at the combined bank if they have expertise that UBS sees as useful. Thousands of ...