February 27, 2024

AndronETalksNews

AndronETalksNews

Credit Suisse Chairman Horta-Osorio resigns after board probe into breach of COVID-19 rules

Reuters

January 16, 2022

SINGAPORE, Jan 17 (Reuters) – Credit Suisse (CSGN.S) Chairman Antonio Horta-Osorio, who was being investigated by the bank’s board for breaching COVID-19 quarantine rules, has quit with immediate effect and board member Axel Lehmann has taken over the role.

Horta-Osorio’s resignation comes less than a year after he was brought in to clean up a corporate culture marred by Switzerland’s second-largest bank’s involvement with collapsed investment firm Archegos and insolvent supply chain finance firm Greensill Capital.

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