People: Credit Suisse reshuffles its global pack

Swiss bank restructures global operations; BAML names Asia-Pacific commodities co-heads; Hoornwegg departs UBS; Chan takes charge of Philippines at Coutts; Kleinwort Benson adds to private wealth team; Rory Tobin rejoins Barclays as Kranefuss touches down at Warburg Pincus


Charlie Shin, Seoul-based managing director and head of Korea equity derivatives at Credit Suisse, is understood to have left the bank in December.

According to sources, the equity derivatives division at Credit Suisse has been struggling this year amid losses in the equity-linked securities business. Between June and September, the Swiss bank also closed down its Korean equity-linked warrants business after volumes dried up following a regulatory clampdown.

Shin joined Credit Suisse in

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