After last week's appointment of  top managers at Credit Suisse, the turn is now on departures. Some bankers on the move were guarantors for profit and they all leave for the same new employer.

Last week was rather busy at Switzerland's second-biggest bank: Iqbal Khan (International Wealth Management) and Thomas Gottstein (Universal Swiss Bank) put the people of their choice in place. Some cracks, such as Reto Isenegger, were left on the sidelines, which was at least as hotly talked about as the appointments.

That's not the end of change at Credit Suisse (CS) though as research by finews.ch revealed. Some experienced managers have decided to leave following the strategic changes announced by CEO Tidjane Thiam. Christian Blum, responsible for the care of very rich customers, is leaving CS after a career spanning most of two decades. The category of very rich clients includes the customers who own more than 50 million francs.

And the Winner Is: the Competition

Rouven Bazlen and Moritz Schmidt are also about to depart. Both worked as Senior Relationship Managers at the «Global Citizens» unit. They too were in charge of wealthy clients and families. They are considered as important profit generators for the wealth management business at CS. Client advisers in this segment on average have 600 million to a billion francs under management.

The three managers decided to join Julius Baer, the Zurich-based private bank as research by finews.ch showed. Further CS bankers are also on the move to Julius Baer, sources said, making the private bank something of an early winner of Thiam's strategy change.

Blum, Schmidt and Bazlen will report to Barend Fruithof, head of Switzerland at Julius Baer. Fruithof joined Baer a couple of months ago – from Credit Suisse. He replaced Giovanni Flury.