The most notable move will see Credit Suisse CEO Ulrich Körner join the group’s executive board upon completion of the takeover, which the firm anticipates will officially close “in the next few weeks”.
Körner spent 11 years at UBS before rejoining Credit Suisse in April 2021 to lead the Swiss bank’s asset management division. He was made CEO at the firm in July last year.
The company says he will be responsible for “ensuring Credit Suisse’s operational continuity and client focus, while supporting the integration process”.
