– SWITZERLAND, Zurich – Credit Suisse Group AG (SWX: CSGN) today announced that its Board of Directors will propose to the shareholders to elect António Horta-Osório as the new Chairman of the Board of Directors at the next Annual General Meeting on April 30, 2021, succeeding Urs Rohner who will step down in 2021.
“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,” said Board Chairman, Urs Rohner.
Urs Rohner was elected to the Board of Directors in 2009 and became its full-time Vice-Chairman. He became full-time Chairman of the Board of Directors in 2011.
About António Horta-Osório
António Horta-Osório, a citizen of Portugal is currently the Group Chief Executive of Lloyds Banking Group, the largest retail and commercial bank in the UK. António Horta-Osório started his career in banking in 1987 at Citigroup in Portugal where he became Head of Capital Markets. From 1991 to 1993, he worked in corporate finance at Goldman Sachs in New York and London. In 1993 he joined Grupo Santander, where he was responsible for several executive functions and developed and further expanded the business in various key countries: First as CEO of Banco Santander de Negócios Portugal until 1996, from 1997 to 2000 as CEO and Chairman of Banco Santander Brazil, from 2000 to 2006 as CEO of Banco Santander Totta (Portugal), as EVP of Banco Santander in Spain from 2000 to 2010, as well as from 2006 to 2010 as CEO of Santander UK / Abbey. Finally, effective March 2011, Lloyds Banking Group appointed him to his current role. Also, António Horta-Osório served on the Court of Directors of the Bank of England from 2009 to 2011.
António Horta-Osório said: “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.”
About Credit Suisse
Credit Suisse is one of the world’s leading financial services providers. Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialist investment banking capabilities, and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in the Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 48,800 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. The composition of the Board of Directors of Credit Suisse AG is the same as the composition of the Board of Directors of Credit Suisse Group AG.
For more information, visit www.credit-suisse.com.
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