Potter and Burdett departure highlights star multi-manager culture

Last week's departure of multi-manager heads Gary Potter and Robert Burdett is yet another body blow...

Last week's departure of multi-manager heads Gary Potter and Robert Burdett is yet another body blow to the increasingly wounded animal that is Credit Suisse. This damage may well be terminal for the group's UK retail presence, with Burdett and Potter just as hard to replace, in their own way, as Bill Mott on the income side. The fact these are multi-managers rather than UK equity, for example, is an interesting indication of how this area of the market has grown up in the UK. As ever, the group said it will look to bolster the team in due course, either from the global desk or an extern...