The until now president of Credit Suisse Group,
Antonio Horta-Osório
, resigned, without even serving a year at the helm of the entity, after it was discovered that he repeatedly failed to comply with the regulations to fight against Covid-19.
The manager is thus leaving a group that he came to precisely after an employee espionage scandal that ended with the resignation of his predecessor.
The bank itself has announced the resignation in a statement in which they also announce that Axel P. Lehmann will act as president with immediate effect.
"He succeeds António Horta-Osório, who resigned after an investigation commissioned by the council," they point out.
Horta-Osório, for his part, said he felt "proud" of what he had achieved in his "brief" stint at the company.
"I regret that some of my personal actions have caused difficulties for the bank and compromised my ability to represent the bank internally and externally," added the manager, who
did not make more explicit references to the reason for his departure
.
Nor did the bank affect it and limited itself to wishing him "the best in the future".
The manager, born in Lisbon in January 1964, comes from politics, economics and sports: his father was a national ping-pong champion and his grandfather, president of Sporting de Portugal.
He graduated in Business Administration and Management from the Catholic University of Portugal in 1987, the year in which he also began working at Citibank in the Portuguese country.
In 1991 he signed for Goldman Sachs and in 1993 he began his long career at Grupo Santander, where he launched Banco Santander de Negócios de Portugal, of which he was CEO.
Later he moved to Brazil (1997) and the United Kingdom (2006).
Antonio Horta-Osório also held important positions at the Bank of England and the
Lloyds Group
, where he also worked for several years, until April 2021. That same month he started working at Credit Suisse.
Recidivist
The manager repeatedly failed to comply with anti-Covid measures, an investigation carried out by Credit Suisse discovered.
In early December, the bank "repentantly" acknowledged what was then the first of these breaches during a visit to Switzerland: Horta-Osório entered the country on November 28 and left three days later, despite the fact that the regulations established that he
must have passed a ten-day quarantine
.
“I unintentionally breached Swiss quarantine regulations by leaving the country prematurely on December 1,” the still president of the entity acknowledged at the time.
"I sincerely regret this mistake," he apologized.
"I apologize and I will make sure this does not happen again," he added.
Just three weeks later it was discovered that
it was not the first time it had happened
.
The situation, collects
Reuters
, caused the bank to carry out an investigation and in the course of this the legal team learned of another trip, in this case to the Wimbledon final during the weekend of July 10 and 11 .
The United Kingdom then forced travelers from Switzerland to pass a quarantine that Horta-Osório skipped.
Paradoxically, the champion in the men's tournament was the Serbian Novak Djokovic, who right now is in the eye of the hurricane also for failing to comply with the regulations against the pandemic.
This has made the parallels between both cases emerge, even in the presence of diversity of narratives.
According to the
BBC
, there are those who consider that the manager's case could have ended with a reprimand and that Horta-Osório has been forced to leave for trying to change the entity's culture.
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