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Credicorp Ltd.: Credicorp Announces Director Nominees for the 2026 Annual General Meeting of Shareholders
Globenewswire· 2026-02-27 12:30
Core Viewpoint - Credicorp Ltd. is set to hold its 2026 Annual General Meeting of Shareholders on March 31, 2026, where the Board of Directors will propose new candidates for election as part of a structured refreshment process aimed at enhancing expertise in technology, AI, and financial governance [1][2]. Board Composition and Nominees - The Board will propose the election of three new directors: María Inés Álvarez (Independent), Juan Paredes Manrique (Independent), and Manuel Romero Valdez (Non-Independent) [3]. - The new nominees are intended to succeed retiring directors Antonio Abruña Puyol, Alexandre Gouvêa, and Patricia Lizárraga Guthertz, while all other current directors will stand for re-election [3][9]. Nomination Process - The nomination process was overseen by the Compensation and Nominations Committee, ensuring compliance with the Company's Bye-laws and Corporate Governance Policies, including independence assessments and conflict-of-interest safeguards [4]. - The Audit Committee will remain composed entirely of independent directors, maintaining robust oversight of financial reporting and risk management [4]. New Director Profiles - **María Inés Álvarez**: A technology executive with over 30 years of experience in AI and cybersecurity, previously at Microsoft, enhancing the Board's oversight of digital transformation [5]. - **Juan Paredes Manrique**: An independent consultant with extensive experience in external audit and regulatory matters, reinforcing financial reporting and compliance oversight [6]. - **Manuel Romero Valdez**: Chairman of Grupo Romero with a background in corporate finance and strategy, contributing to long-term capital allocation and governance [7]. Continuity and Experience - The Board will also propose the re-election of existing directors, including Nuria Aliño Pérez and María Teresa Aranzabal Harreguy, who bring continuity and deep institutional knowledge [8]. - The Board emphasizes maintaining diversity, with women representing one-third of its composition [4]. Dividend Policy Update - The Board approved an update to the Company's dividend policy, maintaining a minimum payout of 25% of consolidated net profits, aligning with regulatory capital considerations [11]. Company Overview - Credicorp is the leading financial services holding company in Peru, with operations in multiple countries and a diversified business portfolio across Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [12].
UBS executive says one item remains in migration of Credit Suisse clients
Reuters· 2026-02-26 12:39
Group 1 - UBS has one item remaining in the migration of former Credit Suisse clients onto UBS's system [1]
Raine Group Hires Former Credit Suisse IPO Veteran
WSJ· 2026-02-24 13:00
Core Viewpoint - The merchant bank anticipates that 2026 will be a significant year for technology debuts and fundraising activities [1] Group 1 - The bank is positioning itself to capitalize on expected growth in technology sector IPOs and fundraising [1] - There is an optimistic outlook for the technology market, suggesting a resurgence in investor interest and capital inflow [1] - The bank's strategy reflects confidence in the long-term potential of technology companies [1]
AtaiBeckley names Michael Faerm as finance chief
Yahoo Finance· 2026-02-19 13:21
Core Viewpoint - AtaiBeckley NV has appointed Michael Faerm as chief financial officer, effective March 9, 2026, to enhance its financial strategy as it advances its mental health treatment pipeline [1]. Group 1: Appointment Details - Michael Faerm brings over 25 years of experience in life sciences, equity research, and investment banking [1]. - Faerm's previous roles include CFO at Viracta Therapeutics and interim CFO at Harpoon Therapeutics, which was acquired by Merck [2]. - He has also held positions at Innoviva, Forest Laboratories, and Regeneron Pharmaceuticals, focusing on business development and strategic finance [2]. Group 2: Financial Strategy and Leadership Transition - Faerm will oversee the company's financial strategy, capital markets activities, and overall financial operations [1]. - Current CFO Anne Johnson will transition to chief accounting officer, continuing to lead accounting and financial operations while supporting Faerm [3]. - The CEO of AtaiBeckley, Srinivas Rao, emphasized the importance of Faerm's strategic finance background as the company advances its lead candidate BPL-003 toward Phase 3 [4]. Group 3: Future Outlook - Faerm expressed enthusiasm about joining AtaiBeckley at a pivotal time, with BPL-003 advancing and a strong clinical-stage pipeline [5]. - He looks forward to collaborating with Johnson and the leadership team to support the company's late-stage development [6].
AtaiBeckley Appoints Michael Faerm as Chief Financial Officer
Globenewswire· 2026-02-19 12:00
Core Viewpoint - AtaiBeckley Inc has appointed Michael Faerm as Chief Financial Officer, effective March 9, 2026, to lead the company's financial strategy and operations as it advances its clinical-stage programs, particularly BPL-003 moving toward Phase 3 [1][4]. Group 1: Executive Appointment - Michael Faerm brings over 25 years of experience in life sciences, equity research, and investment banking to his new role as CFO [2]. - Anne Johnson, the current CFO since 2024, will transition to Chief Accounting Officer, ensuring continuity in financial operations [3]. Group 2: Company Strategy and Pipeline - AtaiBeckley focuses on developing rapid-acting, durable mental health treatments, with a pipeline that includes BPL-003 for treatment-resistant depression, VLS-01 for treatment-resistant depression, and EMP-01 for social anxiety disorder [5]. - BPL-003 is currently in Phase 3 planning, while VLS-01 and EMP-01 are in Phase 2 clinical development [5].
Barclays appoints UBS executive as COO for Asia private banking arm
Yahoo Finance· 2026-02-17 12:02
Barclays has named Werner Schlossmacher as chief operating officer for its Private Bank operations in Asia, with the role based in Singapore. He will report to Leo Müller, the COO for Barclays Private Bank & Wealth Management. Schlossmacher has more than 30 years of experience in wealth management, working across Singapore, Hong Kong, and Switzerland. Before joining Barclays, he was at UBS where he led digital transformation projects for the wealth management business. His responsibilities included ov ...
GAM Holding Announces Gerhard Lohmann as Group CFO to Support Next Phase of Strategic Growth
Globenewswire· 2026-02-17 08:00
Core Viewpoint - GAM Holding AG is transitioning its leadership with the appointment of Gerhard Lohmann as Group CFO, effective March 26, 2026, to support the company's strategic growth phase [1][5]. Leadership Transition - Gerhard Lohmann will succeed Richard McNamara, who has served as Group CFO since 2015 and will leave the firm at the end of April 2026 [1][4]. - The transition aims to ensure a smooth handover and continuity in leadership as GAM moves into its next strategic phase [1]. Gerhard Lohmann's Background - Gerhard Lohmann has extensive experience in banking, insurance, reinsurance, and asset management, having held senior roles at Credit Suisse and Swiss Re [2]. - His previous positions include Chief Operating Officer for EMEA and Chief Financial Officer for International Wealth Management at Credit Suisse, and Chief Financial Officer of the Reinsurance Business Unit at Swiss Re [2]. - Lohmann is recognized for his leadership style and expertise in financial strategy, liquidity management, risk oversight, and M&A integration [2]. Richard McNamara's Contributions - Richard McNamara played a crucial role in guiding GAM through significant changes and establishing a solid foundation for future growth [4][5]. - His leadership has been instrumental in aligning the organization with its long-term growth priorities [4]. Company Overview - GAM is an independent investment manager based in Switzerland, focusing on delivering distinctive investment solutions across its Investment and Wealth Management businesses [6]. - As of June 30, 2025, GAM's total assets under management were CHF 12.7 billion, with a global presence in 15 countries [7].
X @Bloomberg
Bloomberg· 2026-02-12 15:22
The ex-Credit Suisse bankers behind Global Infrastructure Partners are best-known for building one of the world’s largest investment firms. Now they’re also forging something else: family offices https://t.co/lTuGhntjZB ...
UBS plans to hire 3,000 new roles in India as it axes jobs in Switzerland
Reuters· 2026-02-11 17:03
Group 1 - UBS plans to hire up to 3,000 new roles in India, coinciding with the expected loss of 3,000 jobs in Switzerland due to the integration with Credit Suisse [1][1][1] - The job cuts in Switzerland are anticipated to occur primarily through natural attrition or early retirements, as stated by CEO Sergio Ermotti [1][1][1] - UBS is expanding its operations in India, particularly in Hyderabad, where it aims to double its workforce in the city [1][1][1] Group 2 - The hiring initiative in India is part of UBS's strategy to enhance its technology capabilities, including artificial intelligence [1][1][1] - The Swiss Bank Employees Association emphasizes the importance of retaining as many jobs as possible in Switzerland, although they did not comment on the developments in India [1][1][1]
UBS Steps Up AI Initiatives to Reshape Banking Operations
Fintech Schweiz Digital Finance News· 2026-02-11 09:12
Group 1 - UBS is increasing investments in AI to transform both front- and back-office operations, emphasizing a "one-bank approach" during the integration with Credit Suisse [1][3] - The firm is investing in large-scale transformational AI programs aimed at enhancing operational resilience, client experience, and overall efficiency, with over 300 AI use cases launched in 2025 [2] - The adoption of AI within UBS is strong, supported by the rollout of next-generation tools and platforms, with expectations to complete the Credit Suisse integration by the end of 2026 [3] Group 2 - UBS is facing executive changes in AI leadership, with notable departures including Ronald Jansen and Mike Dargan, indicating a restructuring in its AI strategy [4] - Other banks, such as Wells Fargo and the Commonwealth Bank of Australia, are also restructuring their operations around AI, highlighting a broader industry trend [5]