Credit Suisse Group-which said this month that it plans to shutter its private banking business in the United States and Canada-announced a restructuring Tuesday of its private banking business worldwide.
The Zurich-based banking company said it would reorganize the business into five groups serving onshore and offshore clients in Europe, the Middle East, Latin America, and the Asia-Pacific region.
The company also said that Ruedi Stalder, a member of the executive board who heads private banking for the Americas region, will retire at yearend. A former chief financial officer of Credit Suisse First Boston, Mr. Stalder joined the bank in 1980 as a founding member …
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