Credit Suisse recruits Munich Re risk chief Oechslin to join team

City A.M. Reporter
SWISS bank Credit Suisse said yesterday it has chosen Joachim Oechslin, currently chief risk officer (CRO) at reinsurer Munich Re, to succeed Tobias Guldimann in the same role at the bank from next year.

“He is one of the leading executives in risk management and an excellent choice for Credit Suisse,” the bank's chief executive Brady Dougan said in a statement.

Swiss citizen Oechslin, a passionate hiker, has been CRO at the world’s biggest reinsurer since 2007 and helped navigate it through the financial crisis.

He had previously managed risks at insurers AXA and Winterthur, and will take over at Credit Suisse on 1 January 2014, the bank said.

Guldimann, who has been CRO at Credit Suisse since 2004, is taking on a newly created role as head of reputational risk, corporate responsibility and regulatory policy.