Jan-Henrik Förster
WealthManagement.com
Zürich, ZH, Switzerland
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Past articles by Jan-Henrik:
Credit Suisse Said to Begin Sale of US Asset Management Arm
The unit is likely to draw interest from other asset managers and private equity firms. → Read More
Apollo Global Is Said to Drop Pursuit of U.K. Lender Metro Bank
(Bloomberg) -- Apollo Global Management Inc. has abandoned a pursuit of British lender Metro Bank Plc, making it the second buyout firm to decide against an ... → Read More
Credit Suisse Power Struggle Erupts Before Board Meeting
(Bloomberg) -- A power struggle atop Credit Suisse Group AG is coming to a head.As the board prepares to meet next week, tensions are mounting between Credit Suisse Chairman Urs Rohner and Chief Executive Officer Tidjane Thiam in the wake of an embarrassing scandal that triggered a regulatory probe into → Read More
Palantir to Seek Funding on Private Market, Delay IPO
(Bloomberg) -- Palantir Technologies Inc. is in talks to raise significant funding from private investors, a move that could indefinitely delay one of Silicon Valley’s most hotly anticipated initial public offerings, according to people familiar with the company.The secretive data mining company approached → Read More
UBS in Talks With Meissner as Potential Successor to CEO Ermotti
The discussions have focused on Meissner, 49, joining in a senior role that would put him in position to take over as chief executive officer, the people said, asking not to be identified as the matter is private. UBS is laying the groundwork to find a replacement for one of Europe’s longest-serving → Read More
UBS Intensifies Succession Planning for CEO Sergio Ermotti
Chairman Axel Weber is said to favor an outside candidate for the role, while Ermotti also told investors recently that the company is working on a plan, the people said, asking not to be identified as the deliberations are private. A change isn’t imminent, with one person saying that Ermotti could → Read More
The Never-Ending Turnaround of Credit Suisse
Tidjane Thiam is still standing. By simply surviving as chief of Credit Suisse Group AG, the Ivory Coast-born trained engineer has done what more experienced bankers couldn’t in trying to fix Europe’s troubled banks. → Read More
GAM Is in Early Stage Talks With Potential Buyers
GAM’s board said in August it is looking at all options to increase shareholder value, while it reassures clients and shareholders that the fallout from the allegations of compliance breaches is contained. A spokesman for the asset manager, based in Zurich, declined to comment. GAM’s shares have tumbled → Read More
Credit Suisse Gives Loan to $209 Million London Home Owner
The owner, listed as two companies based in Guernsey, paid 160 million pounds ($209 million) for the apartment in the luxury complex near Harrods department store and adjoining the Mandarin Oriental hotel. The amount of the loan is not disclosed in the filing to the Land Registry, which names the bank → Read More
Credit Suisse Fires Two Bankers Over 2010 Sex Assault Case
Credit Suisse Group AG fired two bankers after it concluded an investigation into a sexual assault that dates back to 2010, according to a person familiar with the situation. → Read More
UBS Chairman Weber Sees Possible `Massive' Bitcoin Correction
UBS Group AG Chairman Axel Weber said the Swiss bank won’t trade Bitcoin or offer it to retail clients as increased regulation could lead to a “massive” drop in value. → Read More
Julius Baer CEO Quits In Surprise Departure, Joins Rival
Boris Collardi unexpectedly resigned as chief executive officer of Julius Baer Group Ltd. to become a partner at rival Pictet Group, triggering the search for a long-term successor. He will be replaced for now by Deputy CEO Bernhard Hodler. → Read More
Credit Suisse Is Said to Be Targeted by Activist Investor
RBR Capital Advisors takes a 0.2 percent stake in Credit Suisse, worth about 100 million francs. → Read More
Credit Suisse Tells Clients to Take Stock Gains, Breathe, Hedge
Credit Suisse Tells Clients to Take Stock Gains, Breathe, Hedge → Read More
Deutsche Bank Brexit Plans Firm Up With 1 in 2 Jobs at Risk
The bank will transfer most of the positions to Frankfurt and Berlin when the U.K. quits the EU. → Read More
Deutsche Bank Preparing for Hard Brexit, Cryan Tells Staff
Deutsche Bank is girding for a hard Brexit, with plans to book the “vast majority” of its trades in Frankfurt, Chief Executive Officer John Cryan said. → Read More
Credit Suisse Tells Employees Bank Working on New Strategic Plan
Credit Suisse Group AG is preparing a new three-year strategic plan that will emphasize investment in its most lucrative businesses after a period of cost-cutting and building up capital, according to an internal memo. → Read More
Credit Suisse Signals End to Era of Cutbacks, Job Dismissals
Looking beyond 2018, Credit Suisse starts work on the new three-year plan. → Read More
Deutsche Bank Targets Saudis in ‘Massive’ Wealth Management Push
Deutsche Bank AG is targeting the Middle East as a priority region in wealth management as the bank seeks to recoup assets that were lost late last year when concerns about its capital levels prompted some clients to leave. → Read More
Deutsche Bank to Restructure Corporate, Investment Banking
Deutsche Bank AG is giving Marcus Schenck, co-head of the newly combined investment bank and trading business, responsibility for overseeing clients in a reorganization that will see the bank focus on corporate customers, according to a copy of a memo seen by Bloomberg. → Read More