ZURICH, April 30 (Reuters) - Credit Suisse's
incoming Chairman Antonio Horta-Osorio intends to take a look at
the bank's risk management and culture following recent crises,
as well as reviewing strategic options for the bank, he told
shareholders upon his election on Friday.
Shareholders elected the former Lloyds CEO with
96.45% approval during a time at which the bank has been roiled
by billions in losses.
"It takes years to build a reputation while it can be
seriously affected literally overnight," he told shareholders in
a webcast speech. "Over three and a half decades, I have
personally worked at and led several banks in different
countries and have lived through many crises. What has happened
with Credit Suisse over the last eight weeks, with the US-based
hedge fund and the supply chain finance funds matters, certainly
goes beyond that."
(Reporting by Brenna Hughes Neghaiwi; Editing by Michael
Shields)