Some of Credit Suisse’s largest shareholders will attempt to remove the board member in charge of risk oversight, in protest at twin scandals that have cost the bank and its clients billions and tarnished its reputation. “Other members of the risk committee have not been there very long so we will give them more of a chance. Gottschling started his career as a quantitative analyst at Deutsche Bank and has also worked for McKinsey and as chief risk officer of Erste Bank. Gottschling was also a supporter of Lara Warner, Credit Suisse’s ex-chief risk and compliance officer who was removed this month. In 2018, Credit Suisse lost about $60m after it was left holding a block of shares in clothing company Canada Goose when its stock plunged.

Source: The Irish Times April 26, 2021 09:52 UTC