Credit Suisse Hires Goldman Partner for Risk After Blowups
- Swiss bank hires David Wildermuth to succeed Lara Warner
- Warner had vacated the post after bank’s losses on Archegos
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Credit Suisse Group AG hired David Wildermuth from Goldman Sachs Group Inc. to become chief risk officer as the Swiss bank shakes up internal oversight in the wake of multibillion-dollar scandals.
Wildermuth, deputy chief risk officer at Goldman, will join in February and report directly to Chief Executive Officer Thomas Gottstein, the bank said in a statement Tuesday, confirming an earlier Bloomberg News story. He succeeds Lara Warner, who stepped down as chief risk and compliance officer after the firm lost about $5.5 billion on the collapse of client Archegos Capital Management.