People Moves: 28/07/2022

Credit Suisse appoints Ulrich Körner as Group CEO; Conducts Strategic Review

Good morning all,

In today’s newsletter, as reported in the FT, Credit Suisse Group AG (CS) has announced that it has appointed Ulrich Körner as Group Chief Executive Officer from August 1, 2022, replacing Thomas Gottstein, who is resigning. The bank is conducting a comprehensive strategic review.

Ulrich Körner (pictured below - left) joined Credit Suisse on April 1, 2021, as CEO of Asset Management. He joined from UBS where he served as a member of the group executive board for eleven years, of which six years were spent leading the Asset Management division. Prior to this role, he served as Chief Operating Officer. From 2011 he additionally headed the region Europe, Middle East and Africa for UBS.

Prior to joining UBS, Körner was an executive at Credit Suisse and held various roles, including Chief Financial Officer and Chief Operating Officer of Credit Suisse Financial Services and CEO Switzerland.

Credit Suisse stated that it will evaluate strategic options for the Securitized Product…