Credit Suisse Proposes New Chairman at next AGM in April 2021

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Credit Suisse Proposes New Chairman at next AGM in April 2021

3rd December 2020 | Hong Kong

Credit Suisse will have a new chairman in April 2021, with current Chairman Urs Rohner stepping down upon reaching the statutory term of 12 years.  The new proposed chairman will be António Horta-Osório, the current Group Chief Executive of Lloyds Banking Group, which is the largest largest retail and commercial bank in the UK.

” Credit Suisse Chairman Urs Rohner Steps Down, António Horta-Osório to be New Chairman “

On 30th April 2021, the Credit Suisse Board of Directors will propose to Credit Suisse shareholders to elect António Horta-Osório as the new Chairman.

- Article continues below -

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António Horta-Osório, Proposed Credit Suisse Chairman

António Horta-Osório is 56 years of age and a citizen of Portugal. He currently is the Group Chief Executive of Lloyds Banking Group, the largest retail and commercial bank in the UK.

• 1987 – Citigroup Portugal Head of Capital Markets.
• 1991 to 1993 – Goldman Sachs NY & LN, Corporate Finance
• 1993 to 1996 Santander, CEO of Santander de Negócios Portugal
• 1997 to 2000: Banco Santander Brazil, CEO & Chairman
• 2000 to 2006 – Banco Santander Totta Portugal), CEO
• 2000 to 2010 – Banco Santander Spain, EVP
• 2006 to 2010 – Santander UK / Abbey, CEO
• 2011 – Lloyds Banking Group, Group CEO

From 2009 to 2011, António Horta-Osório also served on the Court of Directors of the Bank of England.

Urs Rohner, Chairman of the Board of Directors of Credit Suisse Group:”

I am extremely happy that we can propose a highly proven and recognized professional of the international banking business as my successor. I am convinced that, subject to the election at the next Annual General Meeting, and thanks to his impressive record of accomplishments, António Horta-Osório will make a major contribution to the future success of our bank as a leading wealth manager with strong global investment banking capabilities.”

António Horta-Osório:

“I am delighted to be proposed as Chairman of the Board of Directors of Credit Suisse Group. I look forward to working closely with the Board and management team to build on the Group’s many strengths. This is a time of great opportunity for the Group, its people, clients and shareholders.”

Credit Suisse Zurich

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