IFAs lose faith in Credit Suisse

In the latest saga in a turbulent 12 months for the firm, Equity Income manager Errol Francis resigned to take up an appointment with his former Barings colleague Richard Buxton at Schroders’ equity team. This week Credit Suisse revealed to Professional Adviser it had been looking to recruit a “high profile individual” to join its equity team and that Francis was not aware of this. It would not reveal whether this was Francis’ reason for leaving, saying simply he had gone to a competitor. Mark Ingram, head of retail sales, said: “We have a strong equity team and we needed talented ...