Credit Suisse has announced new changes to its board of directors with three current members deciding not to stand for reelection.
Board of directors Severin Schwan (since 2014), Kai S. Nargolwala (since 2013) and Juan Colombas (recently joined) have decided not to stand for reelection in the upcoming annual general meeting of shareholders, according to a statement.
Christian Gellerstad, who joined the board in 2019, will succeed Schwan’s additional roles as vice-chair and lead independent director and also Nargolwala’s additional role as compensation committee chair.
«[Gellerstad’s] profound business and financial industry expertise will help him oversee the strategic transformation of the bank, and in particular our growth ambitions for Wealth Management,» said chairman of the board of directors Axel P. Lehmann.
Board Nominations
Credit Suisse also announced the nomination of Mirko Bianchi, Amanda (Mandy) Norton and Keyu Jin for election to the board at the upcoming annual general meeting, subject to regulatory approvals.
Bianchi has 30 years of experience, most recently at UniCredit where he was last its chief executive of wealth management and private banking after various other senior roles including group chief financial officer. Previously, he also held leadership roles with UBS, Deutsche Bank and Moody’s Investor Services.
Norton has 30 years of experience in the risk function across financial firms, most recently at Wells Fargo as its group chief risk officer. Previously, she also worked with J.P. Morgan and Bank of America.
Keyu Jin
Jin is an economics professor at the London School of Economics and previously taught at Yale University and UC Berkley. The Chinese citizen is also a non-executive director at Richemont Group and Qingdao AInnovation venture.
«[Jin] will further strengthen the Board's focus on the APAC growth region and position the board closer to China's next generation and fintech development,» Lehmann noted.
