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Credit Suisse prepares for another management shake-up

The bank shed about two dozen executives, including longtime executive Eric Varvel, for their roles in two 2021 scandals

Credit Suisse is preparing for another management shuffle after a year of crisis, people familiar with the matter said.

The Swiss bank said on 24 April that its board hasn’t made decisions but that it is reviewing senior appointments and succession plans. Long-serving executives in roles including the chief financial officer, general counsel and Asia head could be shifted out as the bank makes changes, said people familiar with the matter. A search was underway last fall for a new general counsel, according to the people.

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