Former Credit Suisse security head targeted in Swiss regulator’s investigation

Above Article Content Ad

Switzerland’s nationwide flag flies above the emblem of Swiss financial institution Credit score Suisse at its headquarters in Zurich, Switzerland April 18, 2021. REUTERS/Arnd Wiegmann/File Picture

ZURICH, Oct 24 (Reuters) – Credit score Suisse’s former head of worldwide safety companies is certainly one of three folks focused in a brand new investigation introduced final week by Swiss monetary markets watchdog FINMA following an espionage affair on the financial institution, a lawyer advised Reuters on Sunday.

Zurich-based lawyer Andreas Josephsohn confirmed his shopper was certainly one of three people focused by the proceedings, talking on situation his shopper would not be named.

Swiss newspaper NZZ am Sonntag was first to report that the previous head of safety companies was a goal of the investigation.

“As a matter of precept, we don’t touch upon particular FINMA enforcement issues nor on any hypothesis associated to 3rd events, former or present staff,” a Credit score Suisse spokesperson stated.

FINMA stated final Tuesday that it discovered “severe organizational shortcomings” surrounding how the financial institution managed and managed the remark of a few of its prime executives and former staff between 2016 and 2019 in its proceedings towards the financial institution which have now concluded.

It opened an investigation trying on the data and conduct of three unnamed people to find out their accountability within the context of violations of supervisory regulation FINMA recognized on the Swiss financial institution.

In October 2019, the financial institution’s chief working officer on the time, Pierre-Olivier Bouee, and the pinnacle of worldwide safety companies resigned over a snooping affair that finally additionally triggered the departure of former Chief Govt Tidjane Thiam.

Reporting by Silke Koltrowitz; Enhancing by Susan Fenton


Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button