Credit Suisse chairman: plenty of work ahead as approaches goals

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ZURICH (Reuters) – Credit Suisse still has work to do after making good progress towards achieving targets set for a three-year turnaround, Chairman Urs Rohner said at the group’s annual general meeting on Friday.

FILE PHOTO – CEO Tidjane Thiam sites beside Chairman Urs Rohner of Swiss bank Credit Suisse as he addresses the audience at the bank’s extraordinary shareholder meeting in Zurich, Switzerland May 18, 2017. REUTERS/Arnd Wiegmann

“Quite clearly, we still have plenty of work to do,” Rohner told shareholders. “But the fact remains, ladies and gentlemen, that we are well on track to achieve the goals we have set ourselves, even if some people originally expressed doubts about this.”

Credit Suisse this week delivered its best quarterly results since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland’s second-biggest bank in 2016, driven by its wealth management business.

Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields

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