Credit Suisse

Type
Reshoring
Country
United Kingdom
Reshoring from
Russian Federation
Reshored business function
Region
London ;
Location of affected unit(s)
London
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.1 - Monetary intermediation
1 jobs
Number of planned job creations
Job creation
Announcement Date
27 June 2018
Employment effect (start)
Foreseen end date

Description

Swiss bank Credit Suisse decided to close the department in charge of analytical activities located in Moscow (Russia) and to relocate services offered to Russian customers in the London hub. The British hub also offers its services to customers in Europe, Middle East and Africa. The company maintained the decision is part of the company project to focus on the management of wealthy clients' assets, and will not effect the range of services offered to the Russian customers. As a consequence of the relocation, only one employee will be transferred from Moscow to London.

Sources

Citation

Eurofound (2018), Credit Suisse, Reshoring in United Kingdom, factsheet number 63, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63.