Credit Suisse names new chairman


ZURICH: Credit Suisse has named outgoing Lloyds Banking Group chief executive officer António Horta-Osório as its next chairman, bringing the nearly decade-long tenure of outgoing chairman Urs Rohner to a close.

“Horta-Osório shall succeed Rohner who will step down in 2021 as previously announced upon reaching the statutory term of 12 years, ” Switzerland’s second-biggest bank said in a statement, referring to Rohner’s 12-year boardroom stint, first as vice-chairmen and since 2011 as chairman. — Reuters

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