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Credit Suisse Names New CEO to Overhaul Investment Bank as Losses Mount
Date: July 27, 2022
ZURICH (Reuters) – Credit Suisse Group has named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 billion in costs to help the bank recover from a string of scandals and losses. The Swiss bank has dubbed 2022 a “transition” year with...
Roche Diagnostics Head to Take Helm of Swiss Pharma Giant
Date: July 21, 2022
By Ludwig Burger (Reuters) -Roche’s head of diagnostics, Thomas Schinecker, is to take over as group chief executive next year, replacing Severin Schwan, who will become chairman after rejuvenating the Swiss drugmaker’s suite of treatments. Chairman Christoph Franz will not seek re-election after nine years as non-executive board chairman at the next annual shareholder meeting...
M&s Finance Chief Quits to Join Primark-Owner Ab Foods
Date: July 21, 2022
By Eva Mathews and James Davey (Reuters) -Marks & Spencer said on Thursday finance and strategy chief Eoin Tonge would leave the British clothing and food retailer to take up a role at Associated British Foods (ABF), owner of budget fashion chain Primark. Tonge, 49, who missed out on the CEO job at M&S following...
Deutsche Bank Names Eigendorf New Chief Sustainability Officer
Date: July 20, 2022
FRANKFURT (Reuters) – Deutsche Bank said on Wednesday that it appointed Joerg Eigendorf to the role of chief sustainability officer, as the bank markets itself as a lender that firms can turn to as they transition to a greener future. Eigendorf had previously also overseen Deutsche’s communications division, but he is handing over those duties...
Goldman Sachs’ Leland to Return to London in New Role
Date: July 20, 2022
HONG KONG (Reuters) – One of Goldman Sachs’ most senior bankers in Asia, Todd Leland, is leaving the region to become the president of Goldman Sachs International, according to a memo seen by Reuters. Leland had been the co-president of Goldman Sachs in Asia Pacific ex-Japan (APEJ), the memo said, and, according to his LinkedIn,...
Metro Bank Appoints ex-Standard Chartered Executive as CFO
Date: July 15, 2022
By Emma-Victoria Farr and Shanima A LONDON (Reuters) -British challenger lender Metro Bank said on Friday it has appointed former Standard Chartered executive James Hopkinson as chief financial officer, as the bank works on a turnaround plan towards profitability. Hopkinson will join Metro Bank effective September 5, coming from ClearBank where he was CFO since...