Spurious correlation explains ESG alpha, say experts
There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
Credit Suisse takes private banking to Australia
Cedric Davies is appointed to head the business from Sydney.
The bank will launch a private banking business in Australia later this year following the appointment of Cedric Davies to head the division starting September 1.
Davies will report to Reto Marx, market leader for Australasia, and to David Trude, Sydney branch manager and country head.
Davies joined Credit Suisse in May 2005. Prior to that, he held private banking advisory roles with Macquarie Bank and Deutsche Bank in Australia.
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