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Credit Suisse to propose outgoing Lloyds Bank CEO as chairman

ZURICH, Dec 1 (Reuters) - Credit Suisse is proposing outgoing Lloyds Banking Group Chief Executive Officer António Horta-Osório as its next chairman, it said on Monday, bringing the nearly decade-long tenure of outgoing Chairman Urs Rohner to a close.

“António Horta-Osório shall succeed Urs Rohner who will step down in 2021 as previously announced upon reaching the statutory term of 12 years,” Switzerland’s second-biggest bank said in a statement, referring to Rohner’s 12-year time, first as vice-chairmen and since 2011 as chairman, on the board. (Reporting by Brenna Hughes Neghaiwi Editing by Riham Alkousaa)

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