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Archegos fallout: Credit Suisse took a hit of CHF 4.4 billion; two top executives lose their job


Replacing Warner is Joachim Oechslin but as an interim Chief Risk Officer and member of the Executive Board on an ad-interim basis, effective April 6, 2021. After having served as Chief Risk Officer and member of the Executive Board of Credit Suisse Group AG from January 2014 to February 2019, Oechslin had taken on the role as Senior Advisor and Chief of Staff to the CEO of Credit Suisse Group. Previously, Oechslin was Munich Re Group’s Chief Risk Officer from 2007.
In addition, Thomas Grotzer is appointed ad interim Global Head of Compliance, effective April 6, 2021. He has served as General Counsel and Member of the Executive Board of Credit Suisse (Schweiz) AG since 2016. ....

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