Credit Suisse taps Lloyds Bank chief António Horta-Osório as next chairman

Rohner, 61, departs Credit Suisse as expected after reaching a 12-year term limit on the board

Credit Suisse for the first time has reached beyond Swiss borders and proposed outgoing Lloyds Bank Chief Executive António Horta-Osório should succeed Urs Rohner, who has spent nearly a decade as chairman.

Switzerland's second-biggest bank is seeking to move on from a year of controversy that began with an internal spying scandal that prompted the ouster of former CEO Tidjane Thiam and heightened shareholder censure of Rohner.

Under new chair Horta-Osorio, whose appointment must be confirmed by shareholders on Apr. 30, the bank will face outstanding questions over the size of its investment bank and the profitability of its asset management unit.

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