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.
Excess Govt Regulation strikes yet again. Canberra’s bureaucratic buffoons can’t help themselves inventing more Regs, more Red Tape and more…
We’re all in this together hey Industry Super members. Industry Super Trustees, Union & Bikie representatives clip the members funds…
It is time for super funds to be regulated to higher standard. It appears ridiculous that one could argue that…
Every single union fund will fail APRAs guidance on the valuation approach for their significant holdings of unlisted assets. Yet…
Perfectly said. 100% correct.