ZURICH, July 12 (Reuters) – The chief compliance officer at Credit score Suisse’s (CSGN.S) home unit is quitting with quick impact after simply 4 1/2 months within the publish, the Zurich-based financial institution mentioned on Monday.
New Credit score Suisse Chairman Antonio Horta-Osorio, who took over two months in the past, is reconfiguring the lender’s technique following repeated crises.
Floriana Scarlato, who took the compliance job at Swiss Common Financial institution (SUB) on March 1, is leaving to pursue alternatives elsewhere, the financial institution mentioned.
Scarlato, who joined Credit score Suisse in 2005, can be stepping down from her posts as SUB administration committee member and from the manager board of Credit score Suisse (Switzerland) Ltd..
Horta-Osorio has vowed to scrutinise danger administration and tradition following Credit score Suisse’s serial mishaps, in addition to to evaluation the financial institution’s strategic choices for the financial institution.
Credit score Suisse was hit by a company spying scandal, adopted by the wind-down of $10 billion funds linked to now-collapsed provide chain finance agency Greensill and billions in losses stemming from lending to household workplace Archegos that imploded. read more
Previous to her most up-to-date publish, Scarlato since 2015 was chief compliance officer of Credit score Suisse’s Worldwide Wealth Administration division which sits on the centre of a post-Greensill overhaul now into consideration, in line with sources. read more
Her exit follows that of the financial institution’s chief danger and compliance officer, Lara Warner, in April. read more
“Floriana Scarlato’s successor shall be introduced in the end,” Credit score Suisse mentioned in an announcement.
Reporting by John Miller; modifying by Ana Nicolaci da Costa and Jason Neely
Our Requirements: The Thomson Reuters Trust Principles.