Mr. Horta-Osório had committed to fix a deeply wounded Credit Suisse. In his brief tenure at Credit Suisse, Mr. Horta-Osório guided a broad pullback in risk taking and helped recruit new executives. Former Credit Suisse CEO Tidjane Thiam resigned in 2020 after failing to contain reputational fallout from a spying scandal. Specific to Credit Suisse, according to the people who worked there, is to behave immaculately within Switzerland, where Credit Suisse is a ubiquitous business and retail bank. Just after Christmas, Reuters reported that Credit Suisse found he had breached quarantine while at Wimbledon.

Source: Wall Street Journal January 22, 2022 22:52 UTC