Credit Suisse appoints Munich’s Oechslin

Joachim Oechslin, chief risk officer of Munich Re, will join the Executive Board of the Credit Suisse Group with effect from January 1 2014.

A decision regarding Oechslin's successor is to be taken within the next few weeks.

"While we regret his departure, we congratulate Joachim Oechslin on this new professional opportunity. His dedicated work and capable leadership over more than six years have significantly advanced our Group's risk management. We are very grateful to Joachim Oechslin for this," said Nikolaus von Bomhard, CEO or Munich Re.