Credit Suisse adds risk veterans to board with UBS, Lloyds alums

Credit Suisse is working to rebuild its management ranks after the $5.5 billion hit related to losses from prime brokerage client Archegos

Credit Suisse Group AG nominated former UBS AG executive Axel Lehmann to head the board of directors’ risk committee and the ex-chief risk officer at Lloyd’s Banking Group Juan Colombas for a seat on the board, in the latest effort to reinforce the bank’s management team.
 

The proposals will be put before an extraordinary shareholders meeting set for Oct. 1, the Zurich-based lender said in a statement Friday. If elected, Lehmann would succeed Richard Meddings as head of the board of directors’ risk committee, who is currently serving ad interim following the departure of Andreas Gottschling in April.

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