Credit Suisse cuts Asia transitions head
The bank has moved to centralise transition management resources in response to sluggish industry flows, cutting its Asia-Pacific head of TM, Tom Wyse.
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Credit Suisse has become the latest bank to cut its Asia head of its transition management (TM), raising further questions over the industry’s future, even in its regional stronghold of Australia.
It is understood that Tom Wyse is now on garden leave, having joined as Asia-Pacific head of TM from Deutsche Bank in April 2010. He was a vice-president and exited towards the end of last year.
His remit had been to build an Asian TM business based out of Sydney. Australia has traditi…
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