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REUTERS/Stefan Wermuth/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Nacho Gutiérrez-Orrantia, one of Citi's (C.N) 's most senior bankers in Europe, will become the bank's head of banking in Europe as part of its planned restructuring, people familiar with the situation said. In his new role of head of the Europe cluster, the Spanish banker will look after Citi´s businesses in the region. Prior to the restructuring, Europe was part of its EMEA business unit, the second-largest region on a revenue basis, according to Citi's 2022 annual report. Gutiérrez-Orrantia was appointed in 2021 as its co-Head of Banking, Capital Markets and Advisory (BCMA) for Europe, Middle East and Africa (EMEA) and has spent 19 years at the bank. The US bank recently appointed former Deutsche Bank UK deputy CEO Tiina Lee as UK Citi Country Officer (CCO) and UK cluster and banking head.

Persons: Stefan Wermuth, Nacho Gutiérrez, Orrantia, Jens Welter, Jane Fraser, Ernesto Torres, Tiina Lee, Andres Gonzalez, Pablo Mayo Cerquerio, Anousha Sakoui, Louise Heavens Organizations: Citibank, City of, REUTERS, Reuters, Citi, EMEA, Banking, Capital Markets, Advisory, Bilbao, Credit Suisse, Deutsche Bank UK, Citi Country, Thomson Locations: City, City of London, Europe, Spanish, Middle East, Africa, EMEA, America, Asia South, Asia, Australia, Japan

Credit Suisse's investment bankers are not waiting around to find out if UBS will give them jobs. UBS executives have pulled no punches when discussing the future of Credit Suisse's investment banking teams and trading desks. Jeff CohenA two-decade Credit Suisse veteran, Cohen heads up Credit Suisse's leveraged and acquisition finance business from New York. Previously, Cohen was Credit Suisse's head of global credit products and global head of leveraged finance capital markets. Marco SuperinaA Credit Suisse veteran since 1997, Superina heads Credit Suisse's M&A efforts in the firm's native Switzerland.

LONDON, Oct 27 (Reuters) - Seeking to restore vigour to a business that's been languishing, Credit Suisse (CSGN.S) says it will reshape its investment bank by resurrecting the First Boston brand. Still, Credit Suisse says it expects CS First Boston to generate 14% of total group revenue by 2025, starting with annual sales of about $2.5 billion. Credit Suisse has been plagued by an exodus of senior bankers over the past 18 months. Yet most trading activities will remain within Credit Suisse, raising questions on CSFB's ability to compete with the likes of Goldman Sachs and JPMorgan (JPM.N). Credit Suisse is hoping to eventually pursue an initial public offering of CSFB, Körner told analysts.

☆ If Credit Suisse loves its bankers, set them free
▼ + stars: | 2022-10-21 | by ( Liam Proud | ) www.reuters.com time to read: +6 min

LONDON, Oct 21 (Reuters Breakingviews) - Credit Suisse (CSGN.S) is a weak bank with some strong bankers. SECOND COMINGImagine, then, that Credit Suisse spins out its advisory and capital-markets business. But Credit Suisse has never quantified the business it wins from intragroup referrals, which suggests it is low. In this case, it will be higher if those people are no longer at Credit Suisse. First Boston was a U.S. investment bank in which Credit Suisse first bought a stake in 1978.

☆ Wall Street shops get dinged for nearly $2 billion in penalties for failing to police bankers' use of Whatsapp
▼ + stars: | 2022-09-28 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

Some of the world's largest banks from Goldman Sachs to Morgan Stanley will cough up nearly $2 billion in penalties to the US regulators for failing to sufficiently monitor their employees' use of unauthorized messaging apps. At the heart of the matter here are bankers' use of communications platforms like Whatsapp or Signal. These are encrypted messaging apps that bankers regularly use to communicate with clients and even journalists. The largest US banks, boutiques, and European lenders were caught up in a probe around the use of unauthorized messaging apps. Whatsapp, for example, is a popular messaging app with bankers dealing with clients based outside the US.

☆ Credit Suisse loses top executives Welter and McCarthy
▼ + stars: | 2022-09-27 | by ( Silke Koltrowitz | ) www.reuters.com time to read: +2 min

ZURICH, Sept 27 (Reuters) - Credit Suisse (CSGN.S) announced the departure of two senior executives, global co-head of banking Jens Welter and global head of global credit products Daniel McCarthy, in memos seen by Reuters, in a blow to the Swiss bank as it gets ready for a major restructuring. Shaken by a string of scandals and losses, Switzerland's second-largest bank is currently preparing a strategy review including a radical overhaul of its investment bank. read moreThe bank said that Welter, its global co-head of banking and EMEA co-head of investment banking and capital markets (IBCM), had decided to leave the bank. Rival Citigroup said in a Tuesday statement that Welter was joining it in December as co-head of EMEA Banking, Capital Markets and Advisory, after 27 years at Credit Suisse. Reuters reported last week that Credit Suisse is sounding out investors for fresh cash as it attempts an overhaul of its investment bank.

☆ Credit Suisse co-head of global banking Welter to join Citigroup
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Sept 27 (Reuters) - Credit Suisse's (CSGN.S) global co-head of banking and EMEA co-head of investment banking and capital markets Jens Welter is leaving to join Citigroup , in a blow to the Swiss bank as it prepares for a major restructuring. Veteran Credit Suisse banker Welter, who was appointed to the role at Switzerland's second-largest lender in January, will join Citi in December as its co-head of EMEA Banking, Capital Markets and Advisory, Citigroup said in a statement on Tuesday. Credit Suisse, which is due to reveal details of its strategy review on Oct. 27, was not immediately available for comment. read moreReuters reported last week that Credit Suisse is sounding out investors for fresh cash as it attempts a radical overhaul of its investment bank. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Silke Koltrowitz and Oliver Hirt; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

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