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After UBS merger, Credit Suisse planning layoffs in India back offices

Credit Suisse's equity strategists Neelkanth Mishra and Ashish Gupta recently quit and joined the Axis Bank group. These positions are likely to be filled by USB analysts

Credit Suisse
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Pohot: Bloomberg

BS Web Team New Delhi
Credit Suisse maintains back offices with 7,000 employees in three Indian cities. After its recent merger with UBS, these offices may see layoffs, according to a report published in the Financial Express (FE).

The development is said to be part of the rationalisation of staff at Credit Suisse, one of the most prominent banks in global banking history. Credit Suisse offers wealth management, investment banking, and brokerage services in India.
Credit Suisse's equity strategists Neelkanth Mishra and Ashish Gupta recently quit and joined the Axis Bank group. These positions are likely to be filled by USB analysts.

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First Published: Mar 22 2023 | 12:55 PM IST

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