Investor Alert

Dec. 1, 2020, 1:32 a.m. EST

Credit Suisse proposes Lloyds CEO as chairman

By Olivia Bugault

Credit Suisse Group AG said Tuesday its board of directors has proposed that Antonio Horta-Osorio, the chief executive of Lloyds Banking Group PLC, be elected as the Swiss bank's next chairman at its annual general meeting on April 30, 2021.

Mr. Horta-Osorio would succeed Urs Rohner, who will step down in 2021, Credit Suisse said.

Write to Olivia Bugault at olivia.bugault@wsj.com

Link to MarketWatch's Slice.