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David Herro of Harris Associates, a long-time shareholder in Credit Suisse, said he's disappointed by Horta-Osório's departure

Asset Management Correspondent

Investment Banking Editor

A major Credit Suisse shareholder said he hopes the Swiss bank will be "revitalised" following another shake-up of its board that ousted Sir António Horta-Osório as chair after just eight months for breaching Covid-19 rules.

of Harris Associates, a long-time shareholder in Credit Suisse, told 

 that he was "disappointed" by the departure of Horta-Osório, the former Lloyds Banking Group chief executive who arrived at the Swiss bank in April.

Top Credit Suisse investor backs board to ‘revitalise’ bank after Horta-Osório exit

David Ricketts

Paul Clarke

Credit Suisse

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The firm is seeing an exodus of investors after years of lackluster returns and executive turnover.

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Intel said Pat Gelsinger has retired and stepped down from the company’s board of directors.

Intel CEO Pat Gelsinger Resigns After Struggling to Turn Around Chip Maker

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