Do Credit Suisse and UBS have a ‘no cold call’ agreement?   in the U.S.?

1 October, 2019

Screenshot 2019-10-01 at 9.02.24 AM - Edited

Former Credit Suisse wealth management head Iqbal Khan, who left Switzerland’s second-biggest bank in July and began work on October 1 2019 at arch-rival UBS, was under surveillance by private detectives hired by Credit Suisse from Sept. 4 to Sept. 17, when he spotted them.

Chief Operating Officer Pierre-Olivier Bouee alone initiated observation of Khan to see if he was trying to poach former colleagues to join him at UBS.   Bouee stepped down.

Khan’s switch to co-head of wealth management at market leader UBS sealed the divorce.   Khan, 43, went to the police after the Sept. 17 confrontation with at least one detective who was shadowing him and his wife as they drove through Zurich. Conflicting versions have emerged of how the incident unfolded.

Do Credit Suisse and UBS have a ‘no cold call’ agreement?   in the U.S.?

In US v. Adobe Systems Inc., et al., the Department of Justice alleged that Adobe, Apple, Google, Intel, Intuit, and Pixar had violated Section 1 of the Sherman Act by entering into a series of bilateral “No Cold Call” Agreements to prevent the recruitment of their employees




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