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Covid breach sees exit of Credit Suisse chair

By Mike Taylor19 January 2022

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.

Mike Taylor

Mike Taylor

Managing Editor/Publisher, Financial Newswire

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