Wells Fargo Set to Purchase Credit Suisse US Private Bank

Posted on October 27th, 2015 at 4:39 PM
Wells Fargo Set to Purchase Credit Suisse US Private Bank

From the Desk of Jim Eccleston at Eccleston Law LLC:

Almost 250 ‘Relationship Managers’ and hundreds more operations personnel and executives at Credit Suisse US Private Bank officially may become part of Wells Fargo.

Wells Fargo appears to be the bid winner.

A common prediction is that most of the advisors with Credit Suisse will end up on Wells Fargo’s UHNW platform - Abbott Downing. Both offer elite client services. If this is true, it would mean that Abbott Downing would double in its size and would be able to complete with Merrill’s PBIG and Morgan Stanley’s PWM units. Some reps may choose to go elsewhere.

Whenever reps choose to go, they should retain securities counsels to review their employment documentations and negotiate the new deal.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, Wells Fargo, Credit Suisse, UHNW, Abbott Downing

Return to Archive

TESTIMONIALS

Previous
Next

I learned two important things working with Eccleston Law. First, I made a friend and ally with Jim and Steph for life. Secondly, and this is a crucial life lesson - if you need counsel, then seek out the very best. Jim was referred to me by a most trusted source. I've never had to hire an attorney for anything. Now, I know the value of hiring an important partner. Meticulous, thorough and detailed in preparation is the best way to describe Jim. Brilliant too, I might add. Bottom line, I would highly highly recommend Jim and Stephany for your legal needs. One of the best life decisions I've ever made.

Howard S.

LATEST NEWS AND ARTICLES

December 19, 2024
GPB Capital Investors See Progress as Court Confirms Receivership

In a significant development for investors in GPB Capital Holdings, the private equity firm will move into receivership following a prolonged legal battle.

December 18, 2024
SEC Fines Cantor Fitzgerald $6.75 Million for Misleading SPAC Investors

The Securities and Exchange Commission (SEC) has charged Cantor Fitzgerald, L.P. with causing two special purpose acquisition companies (SPACs) under its control to make misleading statements to investors before their initial public offerings (IPOs). 

December 17, 2024
Former Western Asset Management Co-CIO Charged with Fraud for Cherry-picking Trades

The SEC recently charged Ken Leech, former Co-CIO of Western Asset Management, with fraud.