Private Banks

Credit Suisse veteran joins UBS

Remi Mennesson is reportedly set to join UBS to lead a newly established Global Financing Team (GFT).

Mennesson, according to an article by Channel News Asia, is to join UBS in Q4 2020, and will be reporting to the firm’s four Co-Presidents.

Prior to joining UBS, Mennesson was most recently a Managing Director for Credit Suisse, whom he was with for over two decades. Prior to that, he was a Managing Director at Deutsche Bank, according to his LinkedIn.

In his new role, Mennesson will be responsible for overseeing the group, which spans across all of the bank’s divisions, which will be charged with ensuring that clients are served in a faster and simpler fashion.

This new GFT division was partially created with the intent of increasing the bank’s financing capabilities in the regions it operates, expanding its product offering to meet clients’ needs, and to align employees working in global wealth management, investment bank financing and risk management under one structure.

Rob Karofsky, Co-President, UBS Investment Bank, said: “It is creating efficiency, so any type of lending, corporate derivatives or structured financing will now go through this one team. It is a global team that is able to really, in an organized way, meet all of our clients' needs on a local and global level.”