David Wildermuth is swapping a mid-level risk management job at Goldman Sachs for an executive board position at Credit Suisse.
It looks like a great personal trade, especially as much of the work of reforming Credit Suisse is likely to be done by the time Wildermuth takes up his new role in February.
The bank, under its new chairman António Horta-Osório, is racing to tackle its risk-management deficiencies as fast as possible, to revive its share price and stem a flow of experienced staff to rival firms.
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