Credit Suisse layoffs hit Asia sales

- Chiara Albanese
- 03 Nov 2011

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Angelia Tan has left Credit Suisse in Singapore, where she worked in institutional foreign exchange sales. Tan reported to Ivan Chan, Credit Suisse's head of FX sales for Asia.

It is understood Tan's departure has come about as part of the bank's cost-cutting measures announced in July that would see a 4% cut in headcount across the group, equating to around 2,000 jobs. On publishing its third-quarter results on November 1, Credit Suisse announced it was targeting an additional Sfr800 million of

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