Antonio Horta-Osório resigns as president of Credit Suisse Group after skipping the Covid quarantine more than once

António Horta-Osório

has resigned as chairman of

after a board investigation found he had

on more than one occasion and has been replaced by

with immediate effect .

.

"I am sorry that several of my personal actions have caused difficulties for the bank and have compromised my ability to represent the bank internally and externally. Therefore, I believe that

and its shareholders at this crucial moment," he said.

affirmed

in a statement from the Swiss bank.

"I have worked hard to make

successful again and I am proud of what we have achieved together in my short time at the bank.

's strategic realignment will provide a clear focus on strengthening, simplifying and investing for the growth. I am convinced that

is well positioned today and on the right path for the future," he added.

Earlier this year, the Swiss newspaper

published that

was to be reprimanded by the bank's board of directors after an internal investigation found that he violated

regulations for the second time

Conforms to The Trust Project criteria

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