A former Credit Suisse banker is facing personal bankruptcy in the fallout from several soured investments, adding to the rapid downfall for a once-feted London money manager.
Francis Menassa is now listed as bankrupt and has his assets frozen under a court order, according to recent UK registry filings. A holding company for the onetime banker’s investments owed almost £10 million ($12.1 million) to more than a dozen creditors through late April, while a shareholder’s loan account for Menassa was also overdrawn by about £950,000, the filings show.
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