Credit Suisse Names Ulrich Körner as New Group CEO

Credit Suisse has today announced the appointment of Ulrich Körner as its new Group Chief Executive Officer (CEO), with the effect from August 1, 2022. Meanwhile, the bank is conducting a comprehensive strategic review.

Ulrich is taking over the role from Thomas Gottstein, who is resigning and has served Credit Suisse for 23 years.

Axel P. Lehmann, Chairman of Credit Suisse, said: "I am delighted to welcome Ueli as our new Group CEO, to oversee this comprehensive strategic review at a pivotal moment for Credit Suisse. With his profound industry knowledge and impressive track record, Ueli will drive our strategic and operational transformation, building on existing strengths and accelerating growth in key business areas.

"I would like to thank Thomas for his commitment to Credit Suisse over more than two decades and in particular as Group CEO. He has made an enormous contribution to Credit Suisse and always served our clients in Switzerland and beyond with integrity and entrepreneurial spirit. I wish him all the best in his future endeavors," he added.

Ulrich joined Credit Suisse in April 2021 as CEO Asset Management. Prior to this, he has spent eleven years at UBS as member of the group executive board, with multiple senior roles. He has led the Asset Management division for six years, previously as Chief Operating Officer. Besides, he also headed the region Europe, Middle East and Africa for UBS from 2011. Before UBS, Ulrich was at Credit Suisse, having served as Chief Financial Officer and Chief Operating Officer of Credit Suisse Financial Services and CEO Switzerland.

Ulrich Körner, new CEO of Credit Suisse, said: "I thank the Board of Directors for the trust they have placed in me as we embark on this fundamental transformation. I am looking forward to working with all colleagues across the bank and the Executive Board and devoting my full energy to execute on our transformation. This is a challenging undertaking but at the same time represents a great opportunity to position the bank for a successful future and realize its full potential. I would also like to thank Thomas wholeheartedly for his support and partnership."