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September 9, 2021

Credit Suisse names new chief compliance officer

Swiss bank Credit Suisse has named Rafael Lopez Lorenzo as its chief compliance officer in the latest round of internal reorganisation.

Lorenzo, the current global head of group internal audit, will take over the new responsibility on 1 October from Thomas Grotzer, who assumed the role on an ad interim basis since April.

With a background in audit and banking, Lorenzo joined Credit Suisse in 2015 from JP Morgan Chase.

According to a press statement, he played a pivotal role in the review of recent incidents.

Concurrently, Credit Suisse has also appointed Christine Graeff as the new global head of human resources.

Graeff will succeed Antoinette Poschung, who is scheduled to retire by the end of January 2022.

Since the beginning of this year, she was working as the global head of communications and deputy global head of human resources. Previously, Graeff was with European Central Bank.

Both, Lorenzo and Graeff will directly report to the group CEO Thomas Gottstein.

Credit Suisse chairman António Horta-Osório and Gottstein said: “We congratulate Christine and Rafael on their new roles. Both have delivered excellent results and have strong management track records in leadership positions.

“These two appointments reflect the talent in Credit Suisse and the diversity of backgrounds and experience in our bank.  They will both contribute to shaping and implementing the strategy of the bank going forward.”

Earlier this year, Credit Suisse appointed Wolfram Peters to the newly created role of chief risk officer (CRO) Asset Management (AM). The appointment became effective on 1 September, 2021.

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