(Jan 17): Credit Suisse Group AG’s Chairman Antonio Horta-Osorio resigned after just nine months in the role, following a series of missteps including reported breaches of Swiss and UK quarantine rules that eroded confidence in his leadership. His departure follows an investigation commissioned by the board, Zurich-based Credit Suisse said in a statement on Monday (Jan 17). An apparent earlier quarantine break, in July 2021, emerged in the course of an internal investigation into the Swiss breach. But his departure may destabilise Credit Suisse further after he was brought in to work on the bank’s culture. Lehmann was elected to Credit Suisse’s board in October and had been serving as the chair of the risk committee.

Source: The Edge Markets January 17, 2022 09:06 UTC