Thomas Gottstein, CEO of Credit Suisse since 2020, resigned from the post on Tuesday and will be replaced as of August 1 by Ulrick Korner, the bank involved in several still open scandals announced on Tuesday.
David Miller and Michael Ebert will take over the head of the investment division, adds a statement from Credit Suisse reported on Tuesday. losses of 1,866 million Swiss francs (1,913 million euros) in the first half of 2022.
Credit Suisse stressed the urgency of changing the entity’s strategic plan “taking into account economic and market changes”, to reduce costs – below 15,500 Swiss francs (15,881 euros) – in the medium term.
Gottstein came to the bank’s board at a turbulent time for the institution due to the departure in 2020 of his predecessor Tidjane Thiam, who had resigned after it became known that several senior positions at Credit Suisse had been eliminated. subject to irregular internal investigations.
Earlier in 2022, then-Chairman of Credit Suisse António Horta-Osório also resigned after it was discovered that he had violated the quarantine rules imposed by the Covid-19 pandemic.
António Horta-Osório resigns from Credit Suisse after breaching anti-Covid-19 rules
Last March, the departure of the vice president, Severin Schwan, was announced due to pressure from the main shareholders of the bank.
On the other hand, Credit Suisse is still trying to recover from the problems caused by the exposure to the capital companies Archegos and Greensill that collapsed in 2021.
At a time of continuing adversity for the bank, in February Credit Suisse was the subject of a report published by a consortium of 50 media outlets from around the world, revealing that the bank maintained corrupt customer accounts for decades.
Credit Suisse described the news as “inaccurate and out of context”.
Source: Observadora
