ZURICH, Feb 28 (Reuters) - Credit Suisse’s regional chief executive for Russia, Steven Hellman, left the bank this month, a spokesman said on Sunday, confirming a report in Swiss newspaper NZZ am Sonntag. The bank’s Group Chief Executive Tidjane Thiam last year embarked on Credit Suisse’s biggest overhaul in almost a decade, choosing to focus more on private banking and wealth management in emerging markets while shrinking its investment bank. (Reporting by Joshua Franklin; Editing by David Goodman)
Credit Suisse's CEO for Russia, Steven Hellman, left the bank this month as part of it's new restructuring strategy, as it looks to focus more on private banking and wealth management in emerging markets while shrinking its investment bank, according to a spokesman for the bank. The bank's chief executive is leaving after just one year at the helm amid growing concerns about Russia's economic slowdown and political upheaval.