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Markets

Credit Suisse board member quits after Archegos fiasco: bank

  • The Swiss bank said in a brief statement that Andreas Gottschling, the head of the board's risk committee, would not seek re-election at a general assembly.
30 Apr 2021

ZURICH: Credit Suisse announced Friday that one of its board members would not seek re-election after shareholders said he should step aside following major losses linked to the collapses of the Greensill and Archegos financial firms.

The Swiss bank said in a brief statement that Andreas Gottschling, the head of the board's risk committee, would not seek re-election at a general assembly.