Credit Suisse’s Luxembourg CEO exits

The chief executive officer of Credit Suisse (Luxembourg), Stéphane Herrmann, has left the private bank after two years in the role. His departure, which was first reported in the Swiss press, was confirmed to Citywire Selector by a spokesperson for the firm.   Herrmann has also relinquished his role as market leader Luxembourg IWM. The…

UBS Group AG: UBS Europe SE completes acquisition of Nordea’s Luxembourg-based private banking business

As announced in January 2018, the transaction covers the acquisition of part of Nordea Bank’s business and its integration onto UBS’ platform, thereby providing clients access to its global offering and local expertise. The decision followed a thorough strategic review of Nordea’s Private Banking International activities. The strategic review was part of the transformation of…