Credit Suisse Hires New Stock-Trading Head from UBS
December 15 2016 - 8:11AM
Dow Jones News
By Liz Hoffman and Jenny Strasburg
Credit Suisse Group AG has hired a new head of equities from UBS
Group AG, hoping to reinvigorate its stock-trading business and
better ply that service to global billionaires .
Michael Stewart will join the Swiss bank to run equities in its
global markets business, the core of its trading operation,
according to a memo reviewed by The Wall Street Journal. He
currently sits at the intersection of UBS's massive
wealth-management franchise and its securities division, helping to
bring the type of institutional-level trading to wealth
clients.
Mr. Stewart previous oversaw global equities at UBS and before
that at Bank of America Corp.
Write to Liz Hoffman at liz.hoffman@wsj.com and Jenny Strasburg
at jenny.strasburg@wsj.com
(END) Dow Jones Newswires
December 15, 2016 07:56 ET (12:56 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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