Credit Suisse Taps Fixer for CEO in Move Making It Like UBS
- Both top jobs at Credit Suisse now held by old UBS hands
- New CEO Koerner has reputation for being technical, decisive
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With Ulrich Koerner taking over as chief executive officer, Credit Suisse Group AG’s top ranks are looking more like UBS Group AG, suggesting the firm may draw from its crosstown rival’s play book.
The 59-year-old will replace Thomas Gottstein, who is resigning after a two-year tenure marked by scandal, turmoil and huge losses. Both Koerner and Credit Suisse Chairman Axel Lehmann joined the bank last year after stints at UBS, which has pursued a more conservative strategy that leaned away from the trading business.