ZURICH (Reuters) – Credit Suisse is proposing outgoing Lloyds Banking Group Chief Executive Officer Antnio Horta-Osrio as its next chairman, it said on Monday, bringing the nearly decade-long tenure of outgoing Chairman Urs Rohner to a close.
“Antnio Horta-Osrio shall succeed Urs Rohner who will step down in 2021 as previously announced upon reaching the statutory term of 12 years,” Switzerland’s second-biggest bank said in a statement, referring to Rohner’s 12-year time, first as vice-chairmen and since 2011 as chairman, on the board.
(Reporting by Brenna Hughes Neghaiwi; Editing by Riham Alkousaa)
