People Moves

Credit Suisse Eastern European Strategy Damaged by Lombard Odier Hire

Stephen Harris 23 March 2006

Credit Suisse Eastern European Strategy Damaged by Lombard Odier Hire

Lombard Odier Darier Hentsch & Cie have tapped Credit Suisse for a new head of private client development. Arnaud Leclercq will join the ...

Lombard Odier Darier Hentsch & Cie have tapped Credit Suisse for a new head of private client development. Arnaud Leclercq will join the Geneva-based bank on 1 July 2006 and will become a partner from 1 January 2007. He will have a particular emphasis in emerging countries such as those in Eastern Europe. Mr Leclercq has been at Credit Suisse Private Banking (CSPB) since July 2000 and was responsible for developing the private client base in Eastern Europe. In January 2003 he was appointed Managing Director for Central Europe, Russia, and Central Asia. The departure of Mr Leclercq is a big blow to the Eastern European strategy of Credit Suisse, according to insiders. Mr Leclercq began his professional career in 1989 at the Paris law firm Berlioz, where he specialized in emerging countries. In 1991 he founded a consulting and real estate promotion company in Moscow, which he sold in 1994 to join Bouygues first as FD and later as Head of Real Estate Project Development in Eastern Europe and Central Asia.

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