ZURICH (Reuters) – Credit Suisse has carved out a new role for itself in addressing the risks it takes in lending to investment banking clients and other client relationships sensitive to market movements, said the bank to employees on Friday.
The Swiss bank has appointed Amélie Perrier as head of counterparty market risk, she said in an internal note consulted by Reuters.
The appointment, first reported by The Wall Street Journal, comes as the bank reorganizes its risk and compliance functions following a multibillion dollar loss resulting from unwinding of business positions linked to the Archegos family office .
“In her new role, Amélie will focus on improving the way we measure counterparty risk by leveraging the subject matter expertise of market risk managers, as well as the techniques and infrastructure used. for market risk analysis, ”the bank said in the memo.
“She will work closely with the counterparty credit risk team within the investment bank to advance the way we assess the risk of our counterparties, which enables improved credit decision making,” did he declare.
Reporting by Brenna Hughes Neghaiwi; Editing by Kirsten Donovan