Credit Suisse creates new asset management risk role
By Oliver Hirt and Brenna Hughes Neghaiwi
Reuters
ZURICH (Reuters) - Credit Suisse, recently hit by the Archegos and Greensill scandals, has created a new role of chief risk officer for asset management that will be filled by Wolfram Peters, former chief risk officer at Allianz Global Investors, executives of the Swiss bank said in an internal memo seen by Reuters.
Switzerland's second-biggest bank has been overhauling risk and compliance since the two separate scandals hit its asset management and investment banking businesses in March, capping off a tumultuous two years for the lender.