C Suisse names chief risk officer

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Credit Suisse Group has announced that Joachim Oechslin will succeed Tobias Guldimann as Chief Risk Officer of Credit Suisse Group.

Oechslin, currently Chief Risk Officer of Munich Re, will be appointed as a member of the Executive Board and Chief Risk Officer of Credit Suisse Group as of January 1, 2014.

As of the same date Tobias Guldimann will take on the role of Head of Reputational Risk, Corporate Responsibility and Regulatory Policy.

Urs Rohner, Chairman of the Board of Directors of Credit Suisse, said: 'The risk management function is of strategic importance for our industry and for Credit Suisse. We are very pleased that we have been able to ensure a smooth transition in the leadership of this critical function'.

Brady Dougan, CEO of Credit Suisse, said: 'I am very much looking forward to having Joachim Oechslin on our team. He is one of the leading executives in Risk Management and an excellent choice for Credit Suisse'.

Rohner and Dougan concluded: 'We are very grateful to Tobias Guldimann for the outstanding work he has done for the bank. He has led the risk management function during a defining period for Credit Suisse and our industry. Under his leadership Credit Suisse has a track record of very low credit losses over many years. He has helped steer the bank through very challenging markets and has been instrumental in ensuring that Credit Suisse continues to implement sound and constructive policies in the evolving global regulatory environment. We look forward to Mr. Guldimann’s continued contributions to Credit Suisse and our industry in his new role as Head of Reputational Risk, Corporate Responsibility and Regulatory Policy'.

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