Macaskill on markets: Building a better bank board

Credit Suisse is adding two risk management experts to its board of directors. Axel Lehmann, a former chief operating officer of UBS and veteran of risk management roles at Zurich Insurance Group, will join Juan Colombas, a fellow risk expert from Lloyds and Santander, if their appointments are approved on October 1.

António Horta-Osório, Credit Suisse’s chairman, hailed their arrival as part of his push to overhaul the firm. “They will make an invaluable contribution as we shape the bank’s strategic realignment and enhance our culture of risk management and personal responsibility and accountability,” he said.