Credit Suisse just named its new managing directors - here are the 173 people who made the list

Will Martin

Dec 19, 2018, 19:58 IST

Credit Suisse just named its new managing directors - here are the 173 people who made the list

REUTERS/Denis Balibouse
Chief Executive Tidjane Thiam of Swiss bank Credit Suisse speaks during the Forum 100 conference in Lausanne, Switzerland May 19, 2016.

Credit Suisse promotes 173 staff globally to the role of managing director.
18% of those promoted were women.
"At Credit Suisse, we believe that progress is driven by people who take responsible ownership of their decisions and actions," the bank said in a memo.

Credit Suisse is the latest bank to announce its annual round of promotions, saying it has made over 170 people globally managing directors at the firm.

173 staff serving clients in around 50 countries worldwide were given the promotion, according to an internal document viewed by Business Insider. All promotions will be effective from January 1 next year.

18% of those promoted were women, according to a report from Financial News.

Geographically speaking, 98 of those promoted were in Europe, the Middle East and Africa, with 35 of those based in the bank's London office.

"At Credit Suisse, we believe that progress is driven by people who take responsible ownership of their decisions and actions," the bank said in a memo.

"Today we are proud to introduce our new Managing Directors who will carry forward Credit Suisse's commitment to making change happen and creating value for our clients."

Credit Suisse's round of promotions is slightly larger than at other banks to announce their list.

Citigroup just promoted a new class of 125 managing directors. Bank of America Merrill Lynch promoted nearly 140 employees to MD in late November. Morgan Stanley promoted 153 employees to MD in January- up from the 140 it promoted in 2017. Barclays last week promoted 85 staff to MD level.

At Goldman Sachs, where MD is one rung below the prestigious role of partner and the classes are announced every two years, 509 employees were promoted to MD in 2017 and 69 were promoted to partner in November.

Here's the full list of employees promoted (listed alphabetically):