Credit Suisse is set to be targeted by an activist hedge fund, supported by a former co-head of its investment banking division, who will propose a three-way split of the business will better serve investors.
According to the Financial Times, hedge fund RBR Capital Advisers is set to reveal plans later this week at an investor conference in New York to break up the business following investor frustrations that chief executive Tidjane Thiam has made little progress in his turnaround of the Swiss firm. The hedge fund is run by former analyst and trader Rudolf Bohli who has had successful activist campaigns against GAM and airline catering company Gategroup. Bohli is supported by Gaël de Boissard, a former Credit Suisse investment bank co-head. They will propose Credit Suisse is split into...
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