Chairman António Horta-Osório surprised Credit Suisse shareholders by springing on them the strategy review they had expected at the end of this year ahead of schedule, presenting it with third-quarter results on Thursday.
Horta-Osório even surprised himself. He has been working on this from his very first off-site with directors and executive management in June, reasoning that he should invest several months in debating all the options for the new direction so obviously needed after the Archegos and Greensill disasters, before setting a course for the next five to 10 years.
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