Credit Suisse Group focuses on risk management in new director appointments

Credit Suisse Group has prioritised risk management in its appointment of two new directors.

Axel Lehmann (pictured), previously a member of the UBS Group’s executive board, and Juan Colombas, previously chief operating officer and chief risk officer at Lloyds Banking Group, have been elected to the Credit Suisse board of directors for a term until the end of the next Annual General Meeting.

With a majority of 98.87 percent, Axel Lehmann was elected as a new member of the board. He will also become the new chair of the risk committee, succeeding Richard Meddings, who has held this role on an ad interim basis in addition to being chair of the audit committee.

Juan Colombas was elected as a new member of the board of directors with a majority of 98.75 percent. Shareholders also elected him as a new member of the compensation committee as proposed by the board of directors.

António Horta-Osório, chairman of the board of directors, commented: “I am delighted that shareholders have supported our proposals in electing both Mr. Lehmann and Mr. Colombas to the board of directors. With their extensive experience in risk management and their profound knowledge of the financial services industry, they will help shape the bank’s future strategic direction. Together, we will foster a culture that reinforces the key importance of strong risk management and personal responsibility and accountability. On behalf of the board of directors, I would like to thank our shareholders for their continued trust and support.”

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