Credit Suisse chairman Antonio Horta-Osorio resigns after internal investigation
The Hindu
Swiss media reported that Mr Horta-Osorio had violated quarantine rules, including traveling to Britain in December and to the Wimbledon tennis tournament over the summer
Credit Suisse says its chairman has resigned following an internal investigation that reportedly turned up that he had violated quarantine rules intended to fight the COVID-19 pandemic.
The resignation of Antonio Horta-Osorio, a British-Portuguese national who took the job barely eight months ago, was announced shortly after midnight Monday. It is the latest upheaval at the top-drawer Swiss bank that has faced an array of recent troubles, including bad bets on hedge funds and an internal spying scandal.
“I regret that a number of my personal actions have led to difficulties for the bank and compromised my ability to represent the bank internally and externally,” Mr Horta-Osorio, 57, said in a statement from the bank, without elaborating.
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