Credit Suisse appoints Joshi

CREDIT SUISSE named Dixit Joshi as its new chief financial officer and group chief operating officer on Monday (22).

Joshi will take over as CFO on October 1, while former Bank of Ireland chief executive Francesca McDonagh will start as the new chief operating officer on September 19.

They will both join the executive board.

Ulrich Koerner took over as Credit Suisse’s chief executive at the start of August.

The new appointments bring “extensive professional experience and a profound knowledge of the financial services industry, as we accelerate our efforts to make Credit Suisse a stronger, simpler and more efficient group with more sustainable returns”, he said.

Joshi will replace David Mathers, who stepped down after over 11 years.

For the past five years, Joshi has been the group treasurer at Deutsche Bank, where he played a major part in its restructuring while overhauling the balance sheet.

He previously worked for Barclays Capital and, before that, for Credit Suisse.