Ulrich Körner replaces Thomas Gottstein as CEO

The bank, which is in serious trouble, also ordered a “comprehensive strategy review” and intends to focus even more on asset management from now on.

Credit Suisse boss Thomas Gottstein has failed and is giving up.

Ennio Leanza / AP

Well, then: Thomas Gottstein is stepping down from his position at Credit Suisse (CS) as of August 1st. Ulrich Körner, the previous head of the bank’s asset management division, will be his successor. The bank announced this on Wednesday morning.

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