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Credit Suisse’s ‘bloody proud history’, from influence to ignominy

Credit Suisse’s ‘bloody proud history’, from influence to ignominy

The investment bank has a rich heritage in Australia, but overseas decisions drastically reversed the fortunes of what was once the pre-eminent local dealmaker.

Aaron WeinmanCorrespondent

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Four years ago, Credit Suisse celebrated five decades in Australia. At the glitzy harbourside diner Cafe Sydney, Ross Bradfield showed off a historical curio – the advertisement announcing the arrival of First Boston, as the investment bank was known at the time.

It was a room of heavyweight bankers who had passed through Credit Suisse over those 50 years, including then country head, John Knox; Global Infrastructure Partners managing partner Rob Stewart; then AMP chief executive Francesco de Ferrari, and former Credit Suisse chairman David Murray and dealmaker John Wylie.

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Aaron Weinman
Aaron WeinmanCorrespondentAaron Weinman is a correspondent at The Australian Financial Review who covers investment banks, private equity firms and the broader capital markets. Connect with Aaron on Twitter. Email Aaron at aaron.weinman@afr.com

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Original URL: https://www.afr.com/link/follow-20180101-p5cudi