Credit Suisse Group AG’s board of directors will nominate Axel Lehmann and Juan Colombas as new non-executive members of the board, at an Extraordinary General Meeting (EGM) on 1 October.
The board intends to appoint Lehmann as chair of the risk committee, succeeding Richard Meddings.
Lehmann has a career with UBS Group AG spanning 12 years, he was most recently a member of the group executive board as president personal & corporate banking and president UBS Switzerland.
He spent 20 years at Zurich Insurance Group, 14 of which were as a member of the group executive committee in various roles. These include responsibility for the insurer’s European and North America business, group IT and as chief risk officer.
Juan Colombas has been a non-executive director and member of the audit and risk committees at ING Group since 2020. Prior to this position, he was chief operating officer and previously chief risk officer at Lloyds Banking Group between 2011 and 2020.
Before this, he spent 25 years with Santander Group, where he rose to executive director and chief risk officer of Santander’s UK business from 2006 to 2010.
António Horta-Osório, chairman of Credit Suisse, said: “I am extremely pleased that Axel Lehmann and Juan Colombas have been nominated to join our Board. With their experience in risk management and business leadership, and both with careers spanning approximately three decades in financial services, they will make an invaluable contribution as we shape the bank’s strategic realignment and enhance our culture of risk management and personal responsibility and accountability.
