Credit Suisse’s new markets strategy builds on the old one
GTS is scrapped, but blueprint of connecting wealth management to markets remains intact
Reports of the death of Credit Suisse’s Global Trading Solutions (GTS) have been greatly exaggerated.
GTS, a five-year joint venture between the investment banking and wealth divisions, was abruptly dissolved as part of a major strategic overhaul announced last week. The investment bank is being split apart: capital markets and advisory activities are being spun off into a separate unit under the reincarnated CS First Boston (CSFB) brand, while sales and trading will remain within Credit Suisse
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