Credit Suisse has named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 billion in costs to help the bank recover ...

Koerner returned to Credit Suisse from arch-rival UBS, where he most recently served as adviser to the CEO from 2019 to 2020. He ran UBS Asset Management from 2014 to 2019.

Credit Suisse appointed Gottstein as CEO in February 2020 after Tidjane Thiam left the bank following a spying scandal. "The bank needs a seismic wake-up call and strong leadership.

The embattled chief executive officer of Credit Suisse Group AG told his staff to focus on facts as he pledged to rapidly move ahead with a plan to streamline operations.

Credit Suisse Replaces CEO After $1.7 Billion Loss. ByRobert Hart, Former Staff. Robert Hart is a former London-based Forbes senior reporter. Jul 27, 2022, 05:08am EDT. Share. Save.

Credit Suisse's new CEO Ulrich Koerner is seen in an undated handout photo provided to Reuters, July 27, 2022. Credit Suisse/Handout via REUTERS Purchase Licensing Rights, opens new tab.

Credit Suisse has named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 billion in costs to help the bank recover ...