Credit Suisse has hired Deutsche Bank veteran Dixit Joshi as its new chief financial officer, part of another flurry of changes to its top ranks as it continues to overhaul its board in the wake of successive crises.

Joshi, who was latterly group treasurer at Deutsche Bank, will take over from David Mathers as CFO on 1 October. Joshi spent 12 years at the German lender including a stint leading its fixed income institutional clients group and as global head of prime finance.