Credit Suisse's UK retail arm is in real need of some direction

Last week's news that Credit Suisse is not currently seeking a retail heavyweight to replace Ian Chi...

Last week's news that Credit Suisse is not currently seeking a retail heavyweight to replace Ian Chimes as managing director is surprising given the current state of the business. Having lost head of sales Mark Thomas and Chimes in quick succession, both of whom had been at the firm since 1993, the group seems to have little direction at present in terms of the retail market. The company insists the historic role of Chimes no longer exists and Raoul Bachmann, as head of retail channel management and direct sales for Europe, Middle East and Africa (EMEA), and James Beddall, as head of UK d...