Antonio Horta-Osorio, chairman of the board of the Swiss financial holding company Credit Suisse, resigned after an investigation that took place on behalf of the company's board, according to the Credit Suisse website. According to Reuters, Horta-Osorio, in particular, violated coronavirus restrictions twice last year.
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"I regret that a number of my personal actions have led to difficulties for the bank and jeopardized my ability to represent the bank inside and out. Therefore, I believe that my resignation is in the interests of the bank and its stakeholders at this critical time," Horta-Osorio said. Axel Lehmann has been appointed as the new chairman of the company's management board.
Horta-Osorio was appointed Chairman of the Board of Credit Suisse in April 2021. At the end of December, Reuters reported, citing sources, that a preliminary investigation by Credit Suisse showed that Horta-Osorio attended the Wimbledon final in July 2021 during a visit to the UK, although he was supposed to be in quarantine. Horta-Osorio also violated COVID restrictions during a trip to Switzerland: he left the country within 10 days, which he was supposed to spend in quarantine.
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