Credit Suisse taps Goldman Sachs partner to lead risk turnaround By Reuters
(Clarifies interim roles in paragraph 5) By Brenna Hughes Neghaiwi ZURICH (Reuters) - Credit Suisse (SIX:CSGN) on Tuesday appointed Goldman Sachs (NYSE:GS) partner David Wildermuth its new chief risk officer, as it seeks to turn the corner on the Archegos and Greensill scandals that have rocked Switzerland's second-biggest bank. Zurich-based Credit Suisse has been cutting risk after its prime brokerage business lost billions from the collapse of family office Archegos, and as its asset management division scrambles to return some $10 billion of client investments linked to insolvent supply chain finance firm Greensill. Those...
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