Credit Suisse Group AG

03/18/2021 | Press release | Distributed by Public on 03/18/2021 00:01

Credit Suisse Group gibt Ulrich Körner als CEO Asset Management und Mitglied der Geschäftsleitung bekannt; Asset Management wird künftig als separate Division geführt

Credit Suisse Group gibt Ulrich Körner als CEO Asset Management und Mitglied der Geschäftsleitung bekannt; Asset Management wird künftig als separate Division geführt

Zurich
18.03.2021

Auskünfte

Media Relations Credit Suisse AG
+41 844 33 88 44
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Nach den Mitteilungen zu den von Credit Suisse Asset Management (CSAM) verwalteten Supply Chain Finance Funds hat der Verwaltungsrat der Credit Suisse (Group) AG heute die Ernennung von Ulrich Körner zum CEO Asset Management und als Mitglied der Geschäftsleitung der Credit Suisse Group per 1. April 2021 bekannt gegeben. Der Bereich Asset Management wird auf diesen Zeitpunkt hin aus der Division International Wealth Management ausgegliedert und als neue separate Division geführt, was die strategische Bedeutung des Asset-Management-Geschäfts für die Bank und ihre Kundinnen und Kunden unterstreicht. Ulrich Körner wird als Mitglied der Geschäftsleitung direkt an den Group CEO Thomas Gottstein berichten. Der bisherige globale Leiter Asset Management, Eric Varvel, wird Ulrich Körner in den kommenden Monaten bei der Einarbeitung in die neue Rolle unterstützen und sich anschliessend auf seine anderen Aufgaben als CEO der Credit Suisse Holdings (USA) und Chairman der Investment Bank fokussieren.

Philipp Wehle wird weiterhin die Division International Wealth Management führen und auf Stufe Geschäftsleitung verantworten.

Urs Rohner, Verwaltungsratspräsident der Credit Suisse, sagte: «Ich freue mich sehr, dass Ulrich Körner zur Credit Suisse zurückkehrt, wo er bereits früher in verschiedenen Funktionen auf Geschäftsleitungsebene erfolgreich tätig gewesen ist. Dank seines ausgezeichneten Leistungsausweises bei der Credit Suisse und UBS, wo er die Asset-Management-Wachstumsstrategie entwickelt und erfolgreich umgesetzt hat, verfügt Ulrich Körner über die idealen Voraussetzungen, um künftig unsere neue Division Asset Management zu führen.»

Thomas Gottstein, Group CEO, hielt fest: «Ulrich Körner ist ein wertvoller Neuzugang für unser Führungsteam und wird dessen Werte und Leistungskultur stärken. Er ist eine starke Führungspersönlichkeit und ein strategischer Denker mit ausgewiesenen Fähigkeiten in Bezug auf Geschäftsentwicklung und profitables Wachstum im Asset Management sowie im Bereich Geschäftstransformation. Ich freue mich sehr auf die Zusammenarbeit mit Ulrich Körner in der Geschäftsleitung und bin überzeugt, dass er einen entscheidenden Beitrag zur Bewältigung der Arbeit, die in der gegenwärtigen Situation ansteht, leisten wird und dass er die neue Division Asset Management in eine erfolgreiche Zukunft führen wird.»

Ulrich Körner ist ein ausgewiesener Finanzexperte mit umfassender Erfahrung auf Geschäftsleitungsebene in der Finanzdienstleistungsbranche in den Bereichen Asset Management, Finance und Operations. Zuletzt war er von 2019 bis 2020 bei der UBS Group als Senior Advisor des CEO tätig. Davor fungierte er bei der UBS von 2014 bis 2019 als CEO Asset Management. Zuvor war er Geschäftsleitungsmitglied bei der Credit Suisse und hatte verschiedene Funktionen wahrgenommen, darunter Chief Financial Officer und Chief Operating Officer der Credit Suisse Financial Services sowie CEO Schweiz. Ulrich Körner besitzt einen Doktortitel in Wirtschaftswissenschaften der Universität St. Gallen (HSG).

Werdegang Ulrich Körner

2009 - 2020

UBS

Mitglied der Geschäftsleitung

  • Senior Advisor to the CEO of UBS Group (2019-2020)
  • CEO of UBS Asset Management (2014-2019)
  • CEO of UBS Europe, Middle East & Africa (2011-2019)
  • Group Chief Operating Officer, CEO of Corporate Center (2009-2013)
1998 - 2009 Credit Suisse

Mitglied der Geschäftsleitung
  • CEO Switzerland (2006-2008)
  • Chief Financial Officer and Chief Operating Officer (since 2004) of Credit Suisse/Credit Suisse Financial Services (2002-2005)
  • CEO Technology and Services (2000-2001)
  • CFO Switzerland (1998-2000)

1993
1988
Ausbildung
Doktortitel in Betriebswirtschaft, Universität St. Gallen
Masterabschluss in Betriebswirtschaft, Universität St. Gallen

Credit Suisse

Credit Suisse is one of the world's leading financial services providers. Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 48,770 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

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Cautionary statement regarding forward-looking information

This document contains statements that constitute forward-looking statements. In addition, in the future we, and others on our behalf, may make statements that constitute forward-looking statements. Such forward-looking statements may include, without limitation, statements relating to the following:

  • our plans, targets or goals;
  • our future economic performance or prospects;
  • the potential effect on our future performance of certain contingencies; and
  • assumptions underlying any such statements.

Words such as 'believes,' 'anticipates,' 'expects,' 'intends' and 'plans' and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. We do not intend to update these forward-looking statements.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, targets, goals, expectations, estimates and intentions expressed in such forward-looking statements and that the COVID-19 pandemic creates significantly greater uncertainty about forward-looking statements in addition to the factors that generally affect our business. These factors include:

  • the ability to maintain sufficient liquidity and access capital markets;
  • market volatility and interest rate fluctuations and developments affecting interest rate levels, including the persistence of a low or negative interest rate environment;
  • the strength of the global economy in general and the strength of the economies of the countries in which we conduct our operations, in particular the risk of negative impacts of COVID-19 on the global economy and financial markets and the risk of continued slow economic recovery or downturn in the EU, the US or other developed countries or in emerging markets in 2021 and beyond;
  • the emergence of widespread health emergencies, infectious diseases or pandemics, such as COVID-19, and the actions that may be taken by governmental authorities to contain the outbreak or to counter its impact;
  • potential risks and uncertainties relating to the severity of impacts from COVID-19 and the duration of the pandemic, including potential material adverse effects on our business, financial condition and results of operations;
  • the direct and indirect impacts of deterioration or slow recovery in residential and commercial real estate markets;
  • adverse rating actions by credit rating agencies in respect of us, sovereign issuers, structured credit products or other credit-related exposures;
  • the ability to achieve our strategic goals, including those related to our targets, ambitions and financial goals;
  • the ability of counterparties to meet their obligations to us and the adequacy of our allowance for credit losses;
  • the effects of, and changes in, fiscal, monetary, exchange rate, trade and tax policies;
  • the effects of currency fluctuations, including the related impact on our business, financial condition and results of operations due to moves in foreign exchange rates;
  • political, social and environmental developments, including war, civil unrest or terrorist activity and climate change;
  • the ability to appropriately address social, environmental and sustainability concerns that may arise from our business activities;
  • the effects of, and the uncertainty arising from, the UK's withdrawal from the EU;
  • the possibility of foreign exchange controls, expropriation, nationalization or confiscation of assets in countries in which we conduct our operations;
  • operational factors such as systems failure, human error, or the failure to implement procedures properly;
  • the risk of cyber attacks, information or security breaches or technology failures on our reputation, business or operations, the risk of which is increased while large portions of our employees work remotely;
  • the adverse resolution of litigation, regulatory proceedings and other contingencies;
  • actions taken by regulators with respect to our business and practices and possible resulting changes to our business organization, practices and policies in countries in which we conduct our operations;
  • the effects of changes in laws, regulations or accounting or tax standards, policies or practices in countries in which we conduct our operations;
  • the expected discontinuation of LIBOR and other interbank offered rates and the transition to alternative reference rates;
  • the potential effects of changes in our legal entity structure;
  • competition or changes in our competitive position in geographic and business areas in which we conduct our operations;
  • the ability to retain and recruit qualified personnel;
  • the ability to maintain our reputation and promote our brand;
  • the ability to increase market share and control expenses;
  • technological changes instituted by us, our counterparties or competitors;
  • the timely development and acceptance of our new products and services and the perceived overall value of these products and services by users;
  • acquisitions, including the ability to integrate acquired businesses successfully, and divestitures, including the ability to sell non-core assets; and
  • other unforeseen or unexpected events and our success at managing these and the risks involved in the foregoing.

We caution you that the foregoing list of important factors is not exclusive. When evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties and events, including the information set forth in 'Risk factors' in I - Information on the company in our Annual Report 2020.

Disclaimer

This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.