Some disturbing news coming out of Credit Suisse in France. They say that Francois Essertel has replaced Herve de Montlivault as head of private banking. They also say that Herve will now be servicing private clients across the world. Whatever that means.
Oh dear. And it was all going so well, for a while. Stints at Citibank and Credit du Nord. He was director of JP Morgan Private Bank in France, believe it or not. A brief spell in the desert, where he was lost. Then Credit Suisse.
Maybe he will get lost again. I'll take him back out there, if he wants me to. Anything would be better than ... I can't say it. I don't even want to think about it.
