"What has happened with Credit Suisse over the last 8 weeks, with the US-based hedge fund and the supply chain finance funds matters, certainly goes beyond that."
Vice chair and Roche CEO Severin Schwan said he regretted that Rohner, who leaves at the statutory end of his term, would be going under such circumstances. David Herro, vice-chair of Harris Associates, which says it owns 10.25% of the bank's stock, said in a statement emailed to Reuters that Rohner left after"a disastrous period for CS."
His departure adds to a high-level list of exits since the Greensill and Archegos debacles. Chief risk and compliance officer Lara Warner and investment banking head Brian Chin left after the losses, while multiple changes to the upper echelons of asset management and investment banking have also been made.Horta-Osorio said Gottstein had the board's confidence and he looked forward to working with him and the executive team.
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