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Credit Suisse fires António Horta-Osório, Axel P. Lehmann new chairman

Christian Fernsby |
Zürich, Switzerland - Credit Suisse Group announced that it has appointed Axel P. Lehmann as the bank’s new chairman.

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Axel P. Lehmann was elected as a member of the Board of Directors of Credit Suisse Group by the Extraordinary General Meeting held on October 1, 2021 and also became the Chair of the Risk Committee.

Mr. Lehmann was formerly a member of the Group Executive Board of UBS Group, initially as Group Chief Operating Officer and then as President Personal & Corporate Banking and President UBS Switzerland.

Between 2009 and 2015, Mr. Lehmann served as a non-executive director and a member of the Risk Committee of UBS Group and was a member of the Governance and Nominating Committee from 2011 to 2013.

Mr. Lehmann's career at Zurich Insurance Group spanned almost 20 years, nearly 14 of which were as a member of the Group Executive Committee in various roles.

He currently holds mandates at several academic and non-profit institutions, including serving as an adjunct professor at the University of St. Gallen.

Mr. Lehmann holds a PhD in Business Administration from the University of St. Gallen and is a graduate of the Advanced Management Program of the Wharton School, University of Pennsylvania, USA.

Mr. Lehmann succeeds António Horta-Osório, who resigned following an investigation commissioned by the Board after breaking COVID quarantine rules.

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