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CREDIT SUISSE-CHAIRMAN/ (UPDATE 1, PIX):UPDATE 1-New chairman Horta-Osorio well-schooled for Credit Suisse tests

(Bloomberg) -- Credit Suisse Group AG Chairman Antonio Horta-Osorio said he plans a thorough assessment of the bank’s “strategic options” after the twin hits from the collapse of Archegos Capital Management and Greensill Capital eroded confidence. While he backed Chief Executive Officer Thomas Gottstein at the bank’s annual general meeting, the new chairman left little doubt about his appetite for change. The recent missteps at the Swiss lender, he said, went beyond any crises he had lived through over three-and-a-half decades working at banks. “We will take the time required for an ...

ADVERTISEMENT ADVERTISEMENT New Credit Suisse Boss Pledges Review, Risk Exec Exits Law360, London (April 30, 2021, 4:15 PM BST) -- Credit Suisse's incoming chairman has said he plans to revamp how the company manages risks after it found itself at the center of two crises that have cost it billions after a hedge fund and a supply-chain finance company imploded. António Horta-Osório said after his confirmation at a shareholders meeting on Friday that he will work with Credit Suisse Group AG's board and management to scrutinize how risks are being assessed, managed and controlled at the Zuri...

Credit Suisse’s New Chairman Signals Possible Shakeup After Woes This content was published on April 30, 2021 - 12:53 April 30, 2021 - 12:53 (Bloomberg) -- Credit Suisse Group AG Chairman Antonio Horta-Osorio said he plans a thorough assessment of the bank’s “strategic options” after the twin hits from the collapse of Archegos Capital Management and Greensill Capital eroded confidence. While he backed Chief Executive Officer Thomas Gottstein at the bank’s annual general meeting, the new chairman left little doubt about his appetite for change. The recent missteps at t...

Credit Suisse Risk Committee Head Exits After Archegos Hit This content was published on April 30, 2021 - 06:46 April 30, 2021 - 06:46 (Bloomberg) -- Credit Suisse Group AG risk committee head Andreas Gottschling is stepping down from his role after prominent investors indicated they’ll vote to oust him following the $5.5 billion hit from the meltdown of Archegos Capital Management. Gottschling is standing down ahead of the bank’s annual general meeting on Friday, according to a statement from the company. Shareholder advisory firms including Glass Lewis had urged the bank’s investors t...