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Credit Suisse's Chief Compliance Officer Is Leaving – Report

Editorial Staff

25 October 2022

The chief compliance officer of – due to report third-quarter results later this week – will be leaving the Swiss bank in the next few weeks, Bloomberg news has reported.

Rafael Lopez’s departure is not linked to a strategic review that the bank is carrying out, the report, which cited unnamed sources, said.

The bank declined to comment to this news service.

Separately, as reported here, the bank has settled legacy issues with French authorities.

The bank, beset by a run of losses and missteps, has moved to restructure its business, downgrade a focus on capital-hungry investment banking, and pivot towards area such as wealth management.