Brady Dougan was the ultimate Wall Street survivor — until he wasn’t. The Wall Street Journal spoke with people briefed on his new firm and reviewed internal documents relating to it. Rose through the ranks on Wall Street as an equity-derivatives trader and was the first American to run Credit Suisse. What’s more, the business opportunity for a new Wall Street firm is less obvious today than it seemed a few years ago. As his successor, Tidjane Thiam, refocused Credit Suisse around its European private banking roots, Mr. Dougan set about building a new Wall Street firm.

Source: Wall Street Journal September 28, 2018 16:07 UTC