Credit Suisse chairman moves to Swiss Re
Walter Kielholz has resigned as chairman of Credit Suisse, to be replaced by the vice-chairman, Hans-Ulrich Doerig.
Kielholz is stepping down to devote more time to his role as chairman of Swiss Re. He was named as chairman of the insurer this morning, having spent two years as vice-chairman.
Kielholz will remain as a director of Credit Suisse. After Doerig's promotion, the bank plans to name Urs Rohner as its new vice-chairman. Doerig will be replaced as chairman of the bank's risk committee by Richard Thornburgh.
The bank has also named two new directors: the former head of the UK Financial Services Authority, John Tiner, and Andreas Koopmann, chief executive of Swiss packaging manufacturer Bobst Group.
Kielholz is making the move to devote all his time to Swiss Re, which has suffered heavy losses in the financial crisis: last month chief executive Jacques Aigrain resigned after the announcement of Sfr6 billion ($5.1 billion) losses in its securitisation portfolio in 2008. Chairman Peter Forstmoser has now followed him out; the new vice-chairman will be Mathis Cabiallavetta, a director since October last year.
See also: Swiss Re's CEO steps down after securitisation writedowns
Swiss Re seeks capital injection after securitisation hit
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on People
Asia moves: senior hires at Citi, BNP Paribas and more
Latest job news from across the industry
People: Masters moves into FNZ, Two Sigma founders step back, and more
Latest job changes across the industry
Cardano’s Max Verheijen moves to BasisPoint
Verheijen spent 24 years at the Dutch pension advisory firm
People: SocGen’s Farah replaces Salorio, Deutsche makes credit hire, and more
Latest job changes across the industry
Coex Partners hires former Citi head of FX Apac sales
Matt Long joins Coex in Singapore to oversee FX execution and trading strategy for regional clients
Athora CFO exit caps management overhaul
Entire management team at Apollo’s European insurance affiliate has been replaced since 2022
People: New brooms at NatWest and Tradeweb; MUFG splits rates, and more
Latest job changes across the industry
Bank of America’s Kris Fador elected FS-ISAC board chair
Industry consortium for cyber security also adds new board directors from Swift, PNC, Truist and CME