Credit Suisse shook up the senior ranks of its risk management team as it embarks on a radical overhaul of its business. Nicolas Friedman is joining the Swiss bank as chief risk officer for markets and its investment banking unit from Goldman Sachs, while Craig Bricker, another Goldman executive, has been hired to take control of a new risk analytics and solutions group.
Ben Wilkinson, who is currently chief risk officer for Credit Suisse’s investment bank, will take the same position within its wealth management function. Greg Frenzel has been promoted to chief credit risk officer. Thomas Herrmann has been named head of the newly formed corporate risk team, while Anne-Claude Rouiller will become global head of reputational risk.
Credit Suisse also promoted Christopher Horne to chief executive of its international business and UK country head. He takes over from David Mathers, who was also the bank’s chief financial officer, and stepped down in October.
Morgan Stanley made a series of changes to the upper ranks of its dealmaking unit in London. David Kitterick, a senior M&A banker has been named deputy head of investment banking for Europe, the Middle East and Africa. His appointment follows a reshuffle in which Jan Weber, who held the role previously, was named head of M&A for Emea and Colm Donlon moved to become chair of Emea investment banking.
Deutsche Bank drafted in former chair Paul Achleitner to head up a new team to advise the German lender on major macroeconomic trends. The team also includes ex-Google chief executive Eric Schmidt and former US secretary of state Henry Kissinger.
Edward Bonham Carter is to leave Jupiter after almost three decades with the FTSE 250 listed asset manager. Bonham Carter, spent 28 years at Jupiter including as chief executive, where he oversaw a management buyout in 2007 and a stock market listing three years later.
Since stepping down as vice chair in May 2021, Bonham Carter has been advising the asset manager on stewardship and corporate responsibility. He is leaving to devote more time to external non-executive positions, which include board roles at ITV and Land Securities.
Fidelity International appointed Julie-Ann Ashcroft as a portfolio manager within its multi-asset team. Ashcroft, who will focus on Fidelity’s sustainability framework, joins from Abrdn, where she was head of sustainability and investments for its discretionary business.
Also bolstering its multi-asset team is M&G Investments, which appointed Stefano Amato as a senior fund manager. Amato, who joins from Santander Asset Management, where he was head of multi-asset solutions, will co-manage the €1.1bn M&G Income Allocation fund alongside Steven Andrew.
Deloitte unveiled a major overhaul of its UK executive, dropping some of its most senior partners from its top management team. The Big Four firm said chief executive Richard Houston had carried out the shake-up after being reappointed to lead the firm until 2027.
Allen & Overy hired Goldman Sachs managing director Anneliese Foster as a partner in its London real estate finance team. Foster trained at Allen & Overy, where she spent a decade before joining Goldman in 2014. She was most recently a managing director in the investment bank’s transaction execution team.
US law firm Goodwin hired investment funds lawyer Ed Saunders as a partner in its London private equity team. Saunders previously spent three years at the firm before joining fellow US firm Mayer Brown in 2019.
Rokos Capital Management chief operating officer Andrew Brown is set to leave the hedge fund around the end of 2022. Brown, who joined the firm as a senior analyst five years ago, has been partner and chief operating officer of the hedge fund since April 2022.
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