Credit Suisse taps Axel Lehmann as chairman

Axel Lehmann, 62, is a relative newcomer who joined the board of directors in October to oversee the risk committee after a career at Zurich Insurance Group AG and UBS Group AG, where his roles included chief operating officer.

FRANKFURT: Credit Suisse Group AG is turning to a Swiss insider to be its fix-it chairman after Antonio Horta-Osorio was forced to resign, signalling a further shift toward caution and retrenchment and away from the risk-taking of recent years that dented its profit and reputation.

Axel Lehmann, 62, is a relative newcomer who joined the board of directors in October to oversee the risk committee after a career at Zurich Insurance Group AG and UBS Group AG, where his roles included chief operating officer.