LONDON, Oct 17 (Reuters) – Credit score Suisse (CSGN.S) funding financial institution chief Christian Meissner shall be leaving the Swiss financial institution as soon as it has introduced a strategic overhaul, an individual with information of the matter stated on Monday.
Announcement of his departure is predicted to be made together with the financial institution’s strategic assessment and quarterly earnings on Oct. 27, as first reported by Bloomberg Information.
A Credit score Suisse spokesperson declined to remark when contacted by Reuters. Meissner was not instantly out there for remark.
Meissner, who joined the financial institution in 2020, had in August been tasked with overseeing the strategic assessment of the enterprise.
The way forward for the funding financial institution had been questioned in mild of a string of expensive scandals, together with a greater than $5 billion loss from the collapse of Archegos final 12 months.
Analysts have urged Credit score Suisse to tighten the main focus of the funding banking enterprise, together with on work the place it enhances the flagship wealth administration arm. learn extra
Reporting by Elisa Martinuzzi and Noele Illien
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