Credit Suisse Cutting Jobs in Middle East in Wealth Management Overhaul

Credit Suisse Cutting Jobs in Middle East in Wealth Management Overhaul

Credit Suisse Group AG is laying off about 20 people in the Middle East as it restructures wealth management activities in the region, according to people familiar with the matter.The job cuts -- focused on Dubai -- follow the decision to incorporate the business that deals with non-resident Indian and Africa clients under Middle East head Bruno Daher, the people said, asking not to be identified because the plans are private. Raj Sehgal, former head of that unit, is now the chairman