The Swiss bank’s gender ratio on its board of directors will become more equal if proposed candidates Amanda Norton and Keyu Jin replace outgoing members.
Today, Credit Suisse's 13 member board of directors consists of eight men and five women. Next month this could switch to seven men vs. six women.
Female representation on Credit Suisse's board of directors will improve if outgoing members Severin Schwan, Kai S. Nargolwala and Juan Colombas are replaced by proposed candidates Amanda Norton, Keyu Jin and Mirko Bianchi at the bank’s annual general meeting on April 29.
Room For Improvement
The appointments of Norton and Jin to the bank's top tier management could help the bank lift its percentage of women in its higher echelons (including vice president, director and managing director levels), which at the end of last year stood below 30 percent.
Majority New Faces
Also worth noting is that under the proposed board setup, over half of the members will have joined within the last two years, which could be key to bringing on a desperately needed cultural shift at the bank.
Likely to offer some good advice on getting a grip on the bank's risk-taking will be British-born Norton (pictured above), who looks back on a long career in compliance, most recently serving as chief risk officer at Wells Fargo.
