Investment Banking

Credit Suisse shareholders should oppose risk chair at AGM, investor group says

The fallout from Greensill and Archegos has “cast significant doubt” over the board's ability to oversee risk, says Glass Lewis

A shareholder group is recommending shareholders vote against the election of Andreas Gottschling on 30 April
A shareholder group is recommending shareholders vote against the election of Andreas Gottschling on 30 April Photo: Getty Images

One of the largest investor adviser groups wants Credit Suisse’s shareholders to oppose the election of its risk committee chair at the bank's upcoming annual general meeting.

Glass Lewis claims the fallout from the bank's exposure to the collapse of Greensill and Archegos Capital Management has “cast significant doubt” over the board's ability to oversee the Swiss bank's risk and control framework.

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