Credit Suisse Taps Horta-Osorio in Surprising Chairman Pick
- Portuguese is one of Britain’s longest serving bank chiefs
- Chairman Urs Rohner stepping down after reaching term limit
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Credit Suisse Group AG picked Antonio Horta-Osorio as its next chairman, tapping the first non-Swiss person for the role as it seeks to move past one of the most turbulent years in its history.
The 56-year-old Lloyds Banking Group Plc’s departing chief executive officer is set to succeed Urs Rohner, who will be stepping down after reaching his term limit of 12 years, and whose final year was marred by controversy. Shareholders will vote on the nomination at the bank’s annual general meeting on April 30, Credit Suisse said in a statement Tuesday.