Credit Suisse Switzerland CEO leaves

Switzerland's second largest bank announced Ulrich Körner, the bank's chief executive in Switzerland and member of the executive board, has stepped down. He will be replaced by Hans-Ulrich Meister, who joins from rival UBS.

Brady Dougan, chief executive of Credit Suisse, said: "During his ten years with Credit Suisse, Ulrich Körner has made a very significant contribution to the success of our bank. I very much regret his decision to leave and wish him well for the future."

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