Credit Suisse Names Compliance Chief After Twin Scandals
- Lopez Lorenzo to fill last gap left by exit of Lara Warner
- Bank separated risk and compliance roles after scandals
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Credit Suisse Group AG named Rafael Lopez Lorenzo as chief compliance officer, filling the last gap left by the exit of Lara Warner after the twin hits from Greensill Capital and Archegos Capital Management.
Lopez Lorenzo, currently head of group internal audit, will take over Oct. 1 from Thomas Grotzer, who filled the role on an interim basis since the departure of Warner, according to a statement on Wednesday. The Swiss bank already in July hired David Wildermuth from Goldman Sachs Group Inc. to become chief risk officer, a position Warner also held.