Credit Suisse Prime Brokerage Co-Heads to Leave Bank After Archegos Losses

Credit Suisse Prime Brokerage Co-Heads to Leave Bank After Archegos Losses - WSJ

John Dabbs and Ryan Nelson are leaving the Swiss bank following a loss tied to the collapse of hedge-fund Archegos Capital Management.

Credit Suisse Group AG said two executives in charge of its prime brokerage unit will leave in the wake of its $4.7 billion loss from the collapse of hedge fund Archegos Capital Management. In an internal memo Monday. it said John Dabbs and Ryan Nelson will immediately step down as co-heads of prime services.

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