Financial Times FT.com

Credit Suisse ties pay to illiquid assets

By Francesco Guerrera in New York and Haig Simonian in Zurich

Published: December 18 2008 20:23 | Last updated: December 19 2008 01:58

Credit Suisse is to give its top bankers shares in a new $5bn fund of illiquid assets in a daring move intended to link pay to the long-term performance of credit markets and limit the bank’s exposure to the securities.

The Swiss bank is also considering allowing investors to buy stakes in the same portfolio of leveraged loans and mortgage securities.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this