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Credit Suisse Names Munich Re’s Oechslin Chief Risk Officer

Credit Suisse Group AG, Switzerland’s second-biggest bank, hired Joachim Oechslin from Munich Re as its chief risk officer, succeeding Tobias Guldimann.

Oechslin will start on Jan. 1 and will be a member of the executive board, the Zurich-based company said in an e-mailed statement today. Guldimann will become head of reputational risk, corporate responsibility and regulatory policy.

Munich Re (MUV2), the world’s biggest reinsurer, appointed Oechslin chief risk officer in 2007. Prior to that, he was deputy head of risk at Paris-based AXA SA. (CS)

Guldimann, 51, who joined Credit Suisse in 1986, has been the bank’s chief risk officer since 2004. He will step down from the executive board when he assumes his new role.

“Under his leadership Credit Suisse has a track record of very low credit losses over many years,” Chairman Urs Rohner and Chief Executive Officer Brady Dougan said in the statement. “He has helped steer the bank through very challenging markets and has been instrumental in ensuring that Credit Suisse continues to implement sound and constructive policies in the evolving global regulatory environment.”

To contact the reporter on this story: Elena Logutenkova in Zurich at elogutenkova@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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