FX & Money Markets

Macroeconomics, monetary policy, FX and money markets
Reuters scoops surprise Credit Suisse replacement of its Asia-Pacific CEO

Reuters scoops surprise Credit Suisse replacement of its Asia-Pacific CEO

Reuters thumped the competition on Sept 7 with news that Credit Suisse was set to replace its Asia Pacific CEO in a surprise move, after hiring him from Standard Chartered less than three years ago. The Reuters scoop correctly predicted that Osama Abbasi, the current head of equities, would replace Kai Nargolwala as the CEO. Two hours later, Credit Suisse issued a statement in Zurich confirming the Reuters story.

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