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Credit Suisse: The chief compliance officer is leaving


© Stocksak. FILEPHOTO: Credit Suisse signs are visible on the exterior of their Americas headquarters, New York City’s Manhattan borough. This sign was placed September 1, 2015. REUTERS/Mike Segar

(Stocksak). Credit Suisse Group AG’s Chief Compliance officer Rafael Lopez will leave the bank in the coming weeks. He has been in the position for less than a full year, Bloomberg News reported on Sunday, citing sources familiar with the matter.

According to the report, the departure is not related to the strategic review that the bank will reveal this week.

Credit Suisse will release details about a highly anticipated strategic review along with its third quarter results on October 27th.

Lopez was appointed to the post in September of last year as the lender tries to rebuild its reputation following a series blunders in risk management.

The bank is currently trying to recover from a number of scandals, including losses exceeding $5 billion due to the collapse of Archegos Investments last year. It also had to suspend client funds tied to Greensill Capital, a defunct financier.

Stocksak contacted Credit Suisse but they declined to comment.

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