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Credit Suisse has been known to foster some quiet family dynasties in the past. - In 2021, for example, it became apparent that the bank was employing various family members of Eric Varvel, the former head of its asset management business. Varvel left the bank in December 2021 following the Greensill scandal, but a new dynasty is taking root.
Michael Klein stands to become very rich by virtue of his current position at Credit Suisse and soon-to-be position as head of carved out-CS First Boston. And he is bringing his brother Mark along with him.
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