Skip to content

Credit Suisse’s Latest Shakeup Leaves CEO as Sole Survivor

  • Firm says CFO, top lawyer and head of Asia all to exit
  • Ex-UBS executive and Asia IB co-head joining the board
Video player cover image
Credit Suisse CEO on Legal Costs, Management Changes
Updated on

It’s been just over two years since Thomas Gottstein was picked from a dozen-member executive board to helm Credit Suisse Group AG in a dramatic leadership change. He’ll soon be the only one left from that group.

The troubled Swiss bank said Wednesday that its chief financial officer, Asia head, and general counsel would all be departing after a second-straight quarterly loss and continued legal headaches. Axel Lehmann, the firm’s third chairman in about a year, is further shaking up the top ranks just days before his first annual shareholder meeting.