Credit Suisse is shaking up its top management following a three-year restructuring under CEO Tidjane Thiam. A top executive is heading for Asia.
The Swiss-based bank is making a series of changes to its top management. The most notable is that two top executives – risk boss Joachim Oechslin and human resources head Peter Goerke – are leaving their roles, the bank said in a statement.
Compliance chief Lara Warner, until now Credit Suisse's only woman in top management, will replace Oechslin in the risk role. She is a 17-year veteran of Credit Suisse who moved from New York to Zurich for the top compliance job under then-new CEO Tidjane Thiam in 2015.
«Jo Oechslin has expressed his desire to take on a new type of role in the bank» and will become a senior adviser for risk management, Credit Suisse said. Oechslin is an ex-McKinsey consultant and insurance veteran who has been in the risk job since 2014. The changes are effective immediately.
Headed for Asia
Credit Suisse is promoting Lydie Hudson to replace Warner, who has until now been Credit Suisse's point person on a controversial partnership with Palantir. Hudson is an investment banker who is currently operating chief at the bank's trading arm. She has been with Credit Suisse since 2008.
At the same time, Credit Suisse is promoting human resources executive Antoinette Poschung to its top management to replace Goerke (pictured below), a long-time associate of Thiam.
Goerke is heading for Asia, where he will become a senior adviser for new projects, with a focus on developing talent in China.
Women Advance
Last year, Credit Suisse moved Poschung into a role to fight sexual harassment in the workplace. The move followed a scandal involving a senior investment banker allegedly harassing younger bankers.
Her appointment as well as Hudson's catapults female representation on Credit Suisse's board to one-quarter, from a paltry 8 percent currently. «Refreshing our executive board will ensure we continue to make progress in our journey of improvement», Thiam said.
