Credit Suisse Appoints Joanne Hannaford as Chief Technology & Operations Officer

Credit Suisse Group AG  (Credit Suisse) today announced that it has appointed Joanne Hannaford as its Chief Technology & Operations Officer, effective January 1, 2022. In addition, Joanne will also join the Executive Board of the Group.

According to the official press release, Joanne will be based in Zürich and directly report to Thomas Gottstein, the Group CEO.

Joanne brings with a demonstrated history of working in the financial services industry. Before arriving at Credit Suisse, Joanne will finish her time at Goldman Sachs, where she spent for more than 24 years. She joined the investment bank back to 1997, and most recently served as Head of EMEA Technology & Global Head of Quality Assurance Engineering. Prior to joining Goldman Sachs, NatWest Markets utilised her services as Executive Director from 1994 to 1997. Over the course of her career, Joanne also worked at UBS Investment Bank.

Thomas Gottstein commented, “Joanne is a recognized technology professional and her joining the leadership team highlights our commitment to technology as a key factor of success. Joanne’s expertise in leading technological changes as well as implementing digital strategies will be key as Credit Suisse further focuses on technology to deliver value for its clients. I am very much looking forward to the new perspectives Joanne will bring to the Executive Board.”

As Fazzaco reported earlier, Credit Suisse was considering an overhaul by centralizing its management​, creating a single private bank, for the purpose of cutting operational costs. Some executives advice to combine the bank’s three separate divisions -- the international business, Swiss business and a separate Asia-Pacific unit into one group, which would offer better benefits and tighter control.