Credit Suisse Closes Its 2021 Share Buyback Program

Credit Suisse Group AG (Credit Suisse), the leading global wealth manager with strong investment banking capabilities headquartered in Switzerland, announced today that on December 30, 2021, it has completed its 2021 share buyback program (Share Repurchase Program).

The group's share buyback program commenced on January 12, 2021 and was suspended in the first quarter of 2021.

Under this program, Credit Suisse has repurchased 25,087,000 of its shares on a second trading line on the SIX Swiss Exchange for a total of CHF 305,193,092 at an average purchase price per share of CHF 12.165.

In late October 2021, Fazzaco reported that Credit Suisse has appointed Dierk von Schuckmann​ as the company's new Chief Financial Officer for its asset management unit, effective November 1, 2021. And previously, the group was found that it has broken the supervisory law by operating at least seven surveillance campaigns on top executives under the investigation by the Swiss Financial Market Supervisory Authority (FINMA).