Credit Suisse names Koerner as CEO, sets strategic review
By:Reuters
Updated: Jul 27, 2022, 05:07 UTC•1min read
ZURICH (Reuters) – Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a strategic review as it struggles to recover from a series of scandals.
Most Popular
EUR/USD
$1.01648
-0.95%
Bitcoin
$24,019.23
-1.01%
S&P 500
$4,297.14
+0.40%
Natural Gas
$8.8795
+1.64%
ZURICH (Reuters) – Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a strategic review as it struggles to recover from a series of scandals.
Pressure had been mounting on current chief executive Thomas Gottstein for months over the scandals and losses racked up during his two-year tenure that have hammered shares and angered investors.
In recent months some investors had called for Gottstein to be replaced, but the bank had resisted.
(Reporting by Michael Shields; Editing by Clarence Fernandez)
Advertisement
Don't miss a thing! Sign up for a daily update delivered to your inbox
Loading
Loading
Loading