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Credit Suisse appoints Dixit Joshi as new chief financial officer, Francesca McDonagh as chief operating officer

ZURICH (Reuters) – Credit Suisse on Monday appointed Dixit Joshi as chief financial officer since October 1 and Francesca McDonagh as group chief operating officer since September 12, another reshuffled top management following the appointment of Ulrich Koerner as CEO last month.

It also appointed Michael J. Rongetti as interim chief executive of the asset management division, and said in a statement that all three will

Francesco De Ferrari (NYSE: RACE) remains head of Wealth Management while also being appointed to the EMEA region on an interim basis since January later, the bank said.

The second-largest bank in Switzerland is trying to survive a string of scandals and losses. Its new chief executive, Koerner, is expected to shrink investment banking and cut costs.

Investment Bank of Credit Suisse recorded 1.17 billion CHF ($1.

pre-tax loss billion) and is expected to lose again this quarter.

Joshi joined Credit Suisse from *) Deutsche Bank (ETR : DBKGn), where he has been Group Treasurer for the past five years. Credit Suisse said he would replace outgoing David Mathers, as previously announced.

MacDonald, previously announced as CEO of EMEA, will support Koerner’s guidance and strategic development as chief operating officer of the group, including operational and cost transformation, the bank said.

It has also appointed Michael Bonac as head of transformation to lead the operating model and cost transformation efforts.

($1 = 0.9590 CHF)



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