Former Credit Suisse Banker Files For Bankruptcy After $1 Billion Firm’s Collapse
Formerly listed as one of the UK’s leading private client consultants…
ZeroHedgeTyler Durden

"Former Credit Suisse banker Francis Menassa is now filing for personal bankruptcy after his firm was forced to wind up operations earlier this year. "

"The fall from grace for Menassa was profound: he was previously a top UK private-client adviser and had founded JAR Capital, which once boasted over $1 billion in assets.

His firm was ordered to cease operations earlier this year and the winding-up process concluded in October. Neither Menassa nor a representative for the insolvency proceedings of his holding company, JAR Financial Management, commented to Bloomberg on the matter.

Formerly based in London's Mayfair area, JAR Capital recently vacated its Savile Row office. The 51 year old Menassa, who began his career at Merrill Lynch and later moved to Credit Suisse, has been publicly vocal on topics ranging from blockchain to the U.S. economy, and also acted as a venture capitalist."