Five things to know about the new president of Credit Suisse Lehmann By Reuters
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(Reuters) – Swiss credit (SEI 🙂 President Antonio Horta-Osorio resigned on Monday after the Swiss bank’s management investigated his personal conduct.
He will be replaced by Axel Lehmann, who joined Credit Suisse’s board of directors in October to chair his risk committee after several scandals.
Here are five facts about Lehmann.
JOINA CROSS COUNTRY
Lehmann, 62, joined the board of Credit Suisse in October 2021 to chair its Risk Committee. He left UBS, a Swiss lender, which has had a relatively better history than its inter-village rival.
Lehmann served on the UBS board from 2009 to 2015 before joining its executive board. In 2016, he was appointed Chief Operating Officer of UBS, and served for two years as President of Personal and Corporate Banking and President of UBS Switzerland together between 2018 and 2021.
INSURANCE CAREER
Prior to UBS, Lehmann had a 20-year career in the insurance industry, and worked briefly at Swiss Life before doing some major work in Zurich. He was General Manager of Insurance in Europe and then North America before becoming Chief Risk Officer in Zurich from 2009 to 2015.
DIGITAL DEVELOPER
Lehmann joined Credit Suisse to return its risk management, but its interest in digital can also be used by banks.
While at UBS, he helped set up Zurich’s “digital factory” to develop and expand new online platforms for its customers around the world.
It also announced earlier last year that UBS would close one of its bank branches in Switzerland as the pandemic accelerated its online banking.
SWITZERLAND NATIONAL
Lehmann is a Swiss citizen, which means that the donor is breaking the tradition of his or her CEO or president being a foreign national, as CEO Thomas Gottstein is from Switzerland.
Lehmann Swiss St. He is an adjunct professor at Gallen University, where he also earned a doctorate.
STRATEGY
Lehmann has stated that he is unlikely to ask the bank to change the turnaround set by Horta-Osorio or Gottstein.
“The strategy is not under discussion,” Lehmann told Reuters on Monday, adding that Gottstein was “completely central” to the bank.
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