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UBS completes Credit Suisse AG takeover, announces leadership changes

 1 min read 12 Jun 2023, 02:10 PM IST Reuters

Chief Financial Officer Dixit Joshi and General Counsel Markus Diethelm are among the executives leaving, while Andre Helfenstein, the head of Credit Suisse's domestic business has been retianed in his position

Alongside a string of new appointments, the memo also said Andre Helfenstein, the head of Credit Suisse's domestic business, will remain in his role. (AFP)Premium
Alongside a string of new appointments, the memo also said Andre Helfenstein, the head of Credit Suisse's domestic business, will remain in his role. (AFP)

UBS on Monday announced changes to the executive board of Credit Suisse AG in an internal memo circulated after the Swiss bank announced it had officially closed the takeover of its former rival.

Chief Financial Officer Dixit Joshi and General Counsel Markus Diethelm are among the executives leaving, wrote Ulrich Koerner, Chief Executive of the new UBS subsidiary Credit Suisse AG.

Alongside a string of new appointments, the memo also said Andre Helfenstein, the head of Credit Suisse's domestic business, will remain in his role.

 

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Updated: 12 Jun 2023, 02:35 PM IST