From Singapore to London to New York, headhunters and rival lenders have been fielding calls from Credit Suisse staff fearing of losing their jobs.
| Recruiters across the world are getting an unprecedented flood of calls from Credit Suisse bankers seeking new jobs as the embattled Swiss lender is set to be taken over by UBS.
Meanwhile, a firm that is focused on managing director hires said it has received such calls since late Friday, especially for the wealth area. “If they aren’t going to CSFB they will have to be emigrated into UBS fixed-income, which is a much smaller business than Credit Suisse,” he said in an interview. “My guess is they will dismiss them and turn them out onto the street.”The flurry of calls highlight the heightened anxiety by Credit Suisse’s staff amid a takeover that has been described by UBS chairman Colm Kelleher as an “emergency rescue.
“The best ones at Credit Suisse have probably already left,” Mr Tan said. He pointed to a challenging environment for hiring. “There’s definitely not enough to go around for everyone.”
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