After an exodus of nearly 70 senior staff, Credit Suisse is starting to rebuild. Here’s who’s recently joined the bank.

• Nearly 70 bankers, traders, and other employees have departed Credit Suisse in recent months.
• Now, the bank is starting to replenish leadership and investment-banking teams.
• Here is who has joined the firm recently.
• See more stories on Insider’s business page.

Credit Suisse has seen a massive exodus of bankers, traders, and other senior staff in recent months.

Now, the bank is starting to replace some of them.

Credit Suisse has been caught up in a series of problems over the last two years, most recently dealing with the fallout from the implosion of Archegos Capital Management, a family-office client founded by a hedge-fund billionaire that had $8 billion in assets wiped out when massive, concentrated bets held in swaps positions moved against it.

The Swiss bank has also been dealing with the fallout from Greensill Capital; and a 2019 spying scandal followed by its then-CEO resigning.

These setbacks have collectively cost Credit Suisse billions of dollars in losses and have also been accompanied by the departure of more than 60 senior bankers and other workers at the firm, including investment-bank chief Brian Chin; chief risk officer Laura Werner; and Floriana Scarlato, who headed compliance for Swiss Universal Bank and was a member of SUB’s management committee an a Credit Suisse executive board member.

But the firm has started to rebuild itself by staffing up its FIG and technology investment banking teams, and it recently appointed a new chief risk officer and chief technology officer.

Here’s a rundown of who has joined the firm in recent months.

Are we missing anyone? Let the reporter know via email (sstokes@insider.com) or on Signal (646-389-7866).

• Orazio Tarda is joining Credit Suisse to be a managing director and the global co-head of fintech, according to an internal memo sent August 2 and reviewed by Insider. Reuters was the first to report the news. Tarda, who previously spent 16 years at HSBC and was most recently the global head of fintech investment banking, will start at Credit Suisse in November and report to Giuseppe Monarchi, co-head for telecom media and tech for EMEA, and Brian Gudofsky, global head of technology investment banking.
• David Wildermuth was appointed chief risk officer and a member of the executive board, Credit Suisse announced July 27. Wildermuth previously spent 24 years at Goldman Sachs, most recently as the deputy chief risk officer. His hire comes nearly months after former chief risk officer, Laura Werner, stepped down immediately following the Archegos scandal. Interim chief risk officer Joachim Oechslin will remain in his role until Wildermuth joins the firm, which will be no later than February 1.
• David Stolzar rejoined the firm for the third time to bolster Credit Suisse’s FIG offerings, Insider reported July 15. Stolzar started on July 19 as Americas head of specialty finance, and he will be based in New York and report to Jim Spencer, the head of FIG for the Americas. Stolzar spent most of his career at Credit Suisse, apart from a stint at Marathon Asset Management from 2007-2009, and he most recently left the firm in December 2020.
• Kyle Heroman joined Credit Suisse from Piper Sandler’s US FIG M&A team, the Wall Street Journal reported July 6.
• Credit Suisse hired Mario Orozco to be a managing director in the group catering to the bank’s wealthiest clients, the Wall Street Journal reported July 6. Orozco was previously a managing director at Greenhill & Co doing M&A work, according to his LinkedIn page, and before that worked at UBS, Bank of America, and Fredericks Michael & Co.
• Joanne Hannaford joined from Goldman Sachs to be Credit Suisse’s new chief technology officer and chief operating officer, the Wall Street Journal reported July 5. Hannaford had previously been at Goldman Sachs for 24 years and made partner in 2014, and while at the firm she held multiple senior engineering roles. Her move to Credit Suisse replaces current COO James Walker, who will become deputy chief executive officer at Credit Suisse’s US holding company, the bank told the Journal.
• Former UBS executive Markus Ruetimann is the new chief operating officer of Credit Suisse Asset Management, Reuters reported July 12. Ruetimann is replacing Mike D’Angelo and will report to asset management head Ulrich Koerner, who joined Credit Suisse in March.
• Around the time HSBC hired a group of investment-grade credit traders from Credit Suisse, Credit Suisse hired one of theirs: Truls Engebretsen, who had been HSBC’s US head of IG credit trading and is joining the bank as a senior credit trader, Insider reported June 10. Engebretsen had previously worked at Credit Suisse from 2002 to 2011 before joining HSBC, according to FINRA records.
• Rodrigo Fittipaldi, a former managing director and head of FIG for Latin American at BNP Paribas, is joining Credit Suisse to be a managing director and leader of debt capital markets in Brazil, Global Capital reported June 15.