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Credit Suisse personal & business banking boss Haux to leave

Reuters
Updated ·1-min read
FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Zurich

ZURICH (Reuters) -Credit Suisse on Wednesday said its Head of Personal & Business Banking, Anke Bridge Haux, is to leave the bank.

Haux, who has been with the Swiss bank for 15 years, is to take on a new role as CEO of the Swiss arm of LGT Bank in November.

Credit Suisse's current chief operating officer of Personal & Business Banking, Michael Sager, will take over leadership of the business on an interim basis with immediate effect and become a member of the executive board of Credit Suisse (Switzerland) Ltd.

The bank has seen a string of departures globally in the last few months, as it embarks on a plan to cut thousands of jobs and shift its focus from investment banking towards more stable wealth management as part of an overhaul.

(Reporting by Noele Illien; editing by Jason Neely)