Banking giant UBS is buying embattled Credit Suisse for $3.2 billion. The deal was finalised after meetings over the weekend involving teams that report to Dixit Joshi, the chief financial officer of Credit Suisse
With a rich experience of over three decades, Dixit Joshi has held several senior positions with firms like Deutsche Bank, Barclays Capital, Credit Suisse, among others
Dixit Joshi started off his career with the Standard Bank of South Africa in 1992. He served in the company for three years before moving to Credit Suisse First Boston in 1995
As per the Credit Suisse website, Dixit Joshi was associated with it in New York and London for about eight years till 2003
After he moved on from Credit Suisse, Joshi served as chief of Equity Derivatives and later headed EMEA Equities at Barclays Capital from 2003 to 2010
Between 2011-2022, Joshi played multiple roles at Deutsche Bank. His positions included leading institutional client group debt, listed derivatives and markets clearing, head of global prime finance as well as Asia Pacific equities
Joshi took over as the CFO of Credit Suisse in October 2022, replacing David Mathers who had been the CFO since 2010
Born in 1971, Joshi attained Bachelor of Science (BSc) degree in Actuarial Science and Statistics at the University of the Witwatersrand in South Africa
UBS is set to buy Credit Suisse for almost $3.25 billion. Under the deal, 16 billion Swiss francs ($17 billion) of Credit Suisse's Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator