Corporate Reporting Press Release
Changes to the Executive Board of Credit Suisse Group
The Board of Directors has approved a number of changes to the Executive Board that we are announcing today: They reflect the quality of the talent available at the firm and the diversity of backgrounds and experiences among our leaders. The changes which we are announcing today are effective immediately.
Lara Warner is appointed Group Chief Risk Officer (CRO), reporting to the CEO. Lara will remain a member of the Group Executive Board where her contribution over the past three years has been outstanding in developing entirely new, industry leading compliance capabilities in an area crucial to our growth strategy. Lara has created a modern, technology-enabled compliance organisation with cutting edge tools to identify and detect threats across our entire platform while strengthening relationships with our key regulators around the world. Lara has significant experience and a strong track record as a senior bank executive. Between 2002 and 2015 Lara held a number of senior management positions in our Investment Bank, both in Fixed Income and Equities as well as serving as Chief Financial Officer and Chief Operating Officer of the division.
Lydie Hudson, is appointed Chief Compliance Officer (CCO) reporting to the CEO. Lydie will join the Group Executive Board. During her 11 years with Credit Suisse, Lydie has demonstrated consistently strong business contribution and exemplary culture standards in her previous role as COO of Global Markets. Lydie has been instrumental in reshaping our GM division, while taking an active role in promoting the advancement of Women in Finance and was recognised as a young global leader by the World Economic Forum in January 2017.
Antoinette Poschung is taking on the role of Global Head of Human Resources (HR), reporting to the CEO. Antoinette will join the Group Executive Board. Since joining Credit Suisse in 2008, Antoinette has played a key role in talent development across the organisation as well as heading a number of HR functions for the Group. In 2018 Antoinette’s moral and ethical leadership was recognised when she was appointed to the newly created role of independent Ombudswoman to oversee matters related to sexual harassment in the work place, ensuring a safe channel to escalate incidents and ensuring that necessary measures are implemented quickly. Prior to joining Credit Suisse, Antoinette was a member of the Executive Board of Axa-Winterthur, occupying the role of Head of Human Resources.
Peter Goerke, having significantly strengthened the HR function in the last three years, will continue to play an important role at the bank by taking on the role of Senior Advisor- New Projects, with a focus on Asia and China in particular where developing our talent base remains a key priority. Peter joined Credit Suisse in late 2015 from Prudential plc as Group Head of Human Resources and has been a key member of the Group Executive Board during that time. He will leave the Group Executive Board.
After five years as Chief Risk Officer, Jo Oechslin has expressed his desire to take on a new type of role in the bank. He will take on a newly created position of Senior Advisor - Risk Management. He will leave the Group Executive Board. Going forward Jo will conduct specific, discrete assignments, leveraging his detailed knowledge of the bank on a broad range of topics.
Urs Rohner, Chairman of the Board of Credit Suisse said: “The contributions of Peter Goerke and Jo Oechslin have been key in driving the successful restructuring of the firm over the past three years and in shaping our Human Resources and Risk Management functions for the future. We are fortunate that we can continue to benefit from their experience and expertise in their new advisory roles.”
“We are pleased that with the appointments of Lydie Hudson and Antoinette Poschung, we have two outstanding leaders from within Credit Suisse to join the Group’s Executive Board. Lydie has proven herself as a highly skilled and dynamic manager in her former role in Global Markets and we look forward to her applying her background and knowledge as our new Chief Compliance Officer. Antoinette has a proven track record as an exceptional Human Resources professional over many years and is ideally suited to head up our Human Resources function. The Board of Directors is also delighted that Lara Warner will take on the role of Chief Risk Officer and remain a member of the Executive Board. We wish Lydie, Antoinette and Lara all the best in their new positions.”
Tidjane Thiam, Chief Executive Officer of Credit Suisse said: “I would like to take the opportunity with these changes to thank all the members of the Group Executive Board for their work and achievements over the past three years. Refreshing our Executive Board will ensure we continue to make progress in our journey of improvement. Congratulations to Antoinette and Lydie for their appointments to the Group Executive Board. I wish Peter and Jo well in their new roles going forward.”