Swiss Activist Investor Unhappy With Credit Suisse Strategy: Swiss raider Rudolf Bohli has already been rebuffed once by Credit Suisse. Now he's back and as critical as ever. RudolfBohli RBR
Rudolf Bohli calls the new strategy for Credit Suisse «half-baked.» As the leader of the hedge fund RBR Capital Advisors explained in response to a question from the British financial portal «Financial News» , CEO Ulrich Koerner's new plan to stabilize the bank only scratches the surface. Much more needs to be done to achieve the turnaround, the activist investor believes.Bohli had challenges with Credit Suisse before.
In 2017, RBR Capital Advisors invested around 100 million francs in Credit Suisse, and called for splitting the bank into three parts and, among other things, reviving the CS First Boston brand- Precisely what Koerner has now initiated. At the time, however, management and ex-chief executive Tidjane Thiam wanted no part of it. Bohli also failed to rally the other shareholders behind him. In the end, RBR Capital Advisors sold the stake.
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