Wall Street eases hiring freeze in grab for Credit Suisse talent

By Harry Wilson

23 Mar 2023 · 3 min read

Editor's Note

Days after Credit Suisse's sudden loss of independence, the biggest names in banking are trying to take advantage of once-in-a-decade opportunities to lure top talent at a discount. Bloomberg reports.

Wall Street banks and European rivals are undoing de facto hiring freezes after Credit Suisse Group AG's emergency rescue by UBS Group AG, unable to resist the lure of top talent available at a discount.

Firms such as Deutsche Bank AG, Citigroup Inc. and JPMorgan Chase & Co. are readying to hire some of the Swiss firm's investment bankers and wealth managers, people with knowledge of the matter said. Conversations are beginning in New York and London, and some headhunters are even flying to Zurich for meetings, the people said.

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