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Credit Suisse to cut 100 UK jobs in banking shake-up

Credit Suisse to cut 100 UK jobs in banking shake-up

Credit Suisse is set to make around 100 job cuts in the UK after its decision to create two distinct parts of its business.

Last week the Swiss bank announced it would create an investment banking and a private banking and wealth management division as part of a drive to streamline its operations.

Around a hundred jobs will go as part of this reorganisation, a source close to the reshuffle told the Financial Times.  According to reports Credit Suisse will make the cuts in around 90 days' time, with the positions set to disappear from its investment banking division.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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