Credit Suisse Chief Compliance Officer Departing

Credit Suisse Chief Compliance Officer Departing: The global compliance chief for Credit Suisse is leaving after just over a year on the job. The move is not related to the bank's ongoing strategic review. CreditSuisse departure chiefcomplianceofficer

In the coming weeks, Credit Suisse's chief compliance officer Rafael Lopez Lorenzo will be departing the bank, according to a «Bloomberg» report citing people familiar with the matter. His leaving the firm comes after just over a year on the job and is said to be unrelated to the strategic review Credit Suisse is currently undergoing, the results of which will be announced Thursday along with third-quarter results.

Credit Suisse has been very tight-lipped about its restructuring efforts, although numerous leaks have emerged about personnel, restructuring of the investment bank, and sales of various businesses.Lopez Lorenzo previously headed the internal audit unit at Credit Suisse for five years, joining the bank in 2015. Before that, he was a managing director at JP Morgan in New York.

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