Swiss lender UBS is all set to buy its rival, the crisis-hit Credit Suisse, for a whopping sum of $3.35 billion to assuage the confidence of Credit Suisse’s investors. Last week, shares of Credit Suisse plummeted by more than 30 per cent which triggered its top shareholder Saudi National Bank to deny fresh funding to the bank embroiled in a capital crunch.
Credit Suisse’s acquisition by UBS involved a team headed by Credit Suisse’s chief financial officer (CFO) Dixit Joshi. Here’s all you need to know about the Indian-origin executive: