Credit Suisse veteran launches financial services firm in London

Mixing up “closed shop” sector, according to CEO

Former Credit Suisse executive Leonardo Brummas Carvalho is launching Aquarius Financial in London’s Mayfair to target ultra-high-net-worth-individuals (UHNWIs) and institutional clients.

The firm will provide a range of wealth management and corporate services, including investment strategy and asset allocation, portfolio risk management and consolidation, and arrange asset financing, to be delivered in-house and in partnership with external parties. "Many people have been quick to write off the UK as an investment destination following Brexit, and after the coronavirus hit the country harder than any other major economy," said CEO Carvalho. "We believe that this view is incredibly short-sighted. Everything that made London one of the world's two most important financ...