SINGAPORE, Jan 17 – Credit Suisse (CSGN.S) chairman Antonio Horta-Osorio has resigned after violating COVID-19 solitary confinement rules, the bank said on Monday, raising questions about a new troubled credit provider’s strategy as it tries to get back on track. . scandals.
The move comes less than a year after Horta-Osorio was brought in to clean up Switzerland’s No. 2 banking business culture that had been damaged by its involvement with collapsed investment firm Archegos and debt-ridden finance company Greensill Capital.
However, the conduct of a Portuguese banker has been scrutinized, with reports that he has violated the COVID-19 double-locking laws by 2021.
“I regret that many of my actions have led to bankruptcy and undermined my ability to represent the bank internally and externally,” Horta-Osorio said in a statement issued by Swiss bank number 2.
“So I believe my resignation will help the bank and its structures at this critical time,” he said.
The bank said Horta-Osorio had resigned following a board-based investigation.
In December, Reuters reported that an internal banking investigation found that Horta-Osorio went to the Wimbledon tennis tournament in London in July without following British privacy laws. Learn more
Horta-Osorio also violated COVID-19 rules during a visit to Switzerland in November by leaving the country in solitary confinement for 10 days, the bank said in December.