Photo: Rick Kopstein/ALM. Credit Suisse CLO Expected to Step Down in Senior Management Overhaul
Chief legal officer Romeo Cerutti has been with the bank since 2006 and has been legal chief since 2009.
April 25, 2022 at 02:25 PM
2 minute read
Romeo Cerutti, chief legal officer of Switzerland-based Credit Suisse, is one of several senior executives set to step down as the Swiss bank prepares to report first-quarter loss, Reuters and other news outlets are reporting.
The shake-up of senior management is part of new chairman Axel Lehmann's plan to restabilize the embattled bank. Credit Suisse last week said provisions stemming from legal matters that date back more than a decade will force it to increase provisions by around 600 million francs ($631 million) in the first quarter.
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