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Credit Suisse set to appoint Lloyds boss António Horta-Osório as new chairman

The move would mark the end of the 12-year tenure of current chairman Urs Rohner

By

Paul Clarke

Antnonio Horta-Osorio, Group Chief Executive of Lloyds Banking Group, has been proposed as the new chairman to head up Credit Suisse.
Antnonio Horta-Osorio, Group Chief Executive of Lloyds Banking Group, has been proposed as the new chairman to head up Credit Suisse. Photo: Getty Images

Credit Suisse has chosen outgoing Lloyds Banking Group chief executive António Horta-Osório as its new chairman, replacing Urs Rohner who is set to step down next year after 12 years at the Swiss bank.

The bank said in a 1 December statement that Horta-Osório, whose replacement as CEO of Lloyds, Charlie Nunn, was named only yesterday, is up for election as its new chairman—marking a frantic 24 hours in executive changes at some of Europe's largest banks.

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