Covid breach sees exit of Credit Suisse chair
The chairman of Credit Suisse, Antonio Horta-Osorio, resigned yesterday with immediate effect after admitting breaking the UK’s Covid quarantine rules.
The big banking group announced it had appointed Axel P. Lehmann to succeed Horta-Osorio.
The group said in a formal statement that Horta-Osorio had resigned following an investigation commissioned by the board.
He had been with the global banking group for nine months having been a former boss of Lloyds Banking Group.
Reports said the investigation had revealed that he breached Covid rules last year, including attending the Wimbledon tennis finals.
Jonsey & ALP totally screwed Advisers leaving MIS out of CSLR. Canberra collectively have blamed Advisers for 25 years for…
Yep would seem APRA have not heard of a Cashout and Recontribution strategy ??????????
Is it not a cost of completing the transaction? Why should it be removed from any analysis, applicable govt charges…
Misleading figures. We’d have millions and millions removed in our client base with LS. Almost 100% came straight back in…
Financial planners, you know exactly what will happen next. Get your wallets out- Cslr bill coming your way!