Credit Suisse Bankers Exit as Post-Archegos Defections Mount
- Investment bankers in Asia, U.S. are leaving for rivals
- Departures follow bank’s hit from Archegos, bonus upheaval
This article is for subscribers only.
More than half-a-dozen senior Credit Suisse Group AG bankers have left the firm in recent weeks, the latest in a raft of defections following the implosion of Archegos Capital Management and uncertainty about future bonuses.
Jason Wortendyke, global co-head of mobility and services, rejoined Citigroup Inc. to run diversified industrials along with Francis Tucci, according to a memo seen by Bloomberg News. Wortendyke will also co-head the Chicago office alongside Matt Musa. Wortendyke worked at Citigroup in London and Hong Kong before joining Credit Suisse.