Staff of Reuters 2 minutes ReadFILE PHOTO: On March 24, 2021, the Swiss bank Credit Suisse’s logo is visible at its headquarters in Zurich, Switzerland. Arnd Wiegmann/Arnd Wiegmann/Arnd Wiegmann/Arnd Wiegmann/ (Reuters) – Zurich (Reuters) – Credit Suisse has created a new job to address the risks it faces in lending to investment banking customers and other market-sensitive customer relationships, the bank announced on Friday. According to an internal memo seen by Reuters, the Swiss bank has appointed Amelie Perrier as Head of Counterparty Market Risk. The Wall Street Journal first reported the hiring, which comes as the bank overhauls its risk and compliance functions in the wake of a multibillion-dollar loss connected to the unwinding of trading positions related to family office Archegos. “In her new job, Amelie will focus on improving the way we quantify risk for counterparties by utilizing market risk managers’ subject matter expertise, as well as the tools and infrastructure utilized for market risk analysis,” the bank stated in a note. “She will work closely with the Investment Bank’s Counterparty Credit Risk team to advance how we analyze the risk of our counterparties, enabling for improved credit decision making,” it stated. Brenna Hughes Neghaiwi contributed reporting, and Kirsten Donovan edited the piece./n
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