Urs Rohner

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Urs Rohner
Urs Rohner.jpg
Born1 December 1959 (1959-12) (age 62)
Zürich, Switzerland
EducationUniversity of Zurich
OccupationLawyer
SuccessorAntónio Horta-Osório
Board member ofCredit Suisse (2011-2021)
Spouse(s)Nadja Schildknecht

Urs Rohner (born 1959) is a Swiss lawyer, businessman and banker. He is the former CEO of ProSiebenSat.1 Media and former chairman of Swiss bank Credit Suisse.[1] After his 10 year tenure the share price lost 75% of its value leaving the bank engulfed in various scandals and subsequently apologizing for his poor performance at the last shareholder meeting.[2] [3] He is considered one of the worst chairmen in Swiss banking.[4][5]

Early life[]

Rohner was born 1959.[6] He competed as a hurdler in the 1982 European Athletics Championships.[7] He earned a master of laws from the University of Zurich in 1983.[6][7]

Career[]

Rohner began his career at the law firm in Zurich,[7] where he was a partner from 1992 to 1999.[8] He subsequently practised for Sullivan & Cromwell in New York City.[8] He served as the chief executive officer of ProSiebenSat.1 Media from 2000 to 2004.[7]

Rohner became the chief lawyer at Credit Suisse in 2004.[7] He was its vice chairman from 2009 to 2011.[8] Since 2011, he has served as its chairman.[6] In 2017, he was criticized by investors for his poor performance.[7] Urs Rohner retired in May 2021 from the Board of Credit Suisse - during his 10 year tenure, the stock price has fallen by over 70%. [9] In the last year of his tenure, Rohner appointed Lara Warner with no prior risk management experience to Chief Risk Officer of the bank in a push for diversity. Consequently, Credit Suisse's clients lost around $3bn due to the collapse of Greensill.[10] Furthermore, with the collapse of Archegos Capital Credit Suisse lost over $5.5bn exposing its weak risk management, which Rohner in the aftermath of the financial crisis promised to reform.[11]

For his poor performance at Credit Suisse, Urs Rohner received 43.5 million CHF ($47m) in pay[12]

Rohner serves on the board of trustees of the Lucerne Festival,[8] and the Zürich Opera House, as well as the board of governance of the International Institute for Management Development.[8]

Personal life[]

Rohner is in a relationship with Nadja Schildknecht, the managing director of the Zurich Film Festival and has a son with her. He has three children from his first marriage.[13]

References[]

  1. ^ Kelly, Kate (2020-10-03). "The Short Tenure and Abrupt Ouster of Banking's Sole Black C.E.O." The New York Times. ISSN 0362-4331. Retrieved 2020-10-04.
  2. ^ "Credit Suisse Chairman Says Sorry for Losses as He Exits". Bloomberg News.{{cite web}}: CS1 maint: url-status (link)
  3. ^ "Rise and Fall of Credit Suisse's Urs Rohner". 30 April 2021.{{cite web}}: CS1 maint: url-status (link)
  4. ^ Gallarotti, Ermes. "Warum Verwaltungsräte mehr schlecht als recht funktionieren". Neue Zürcher Zeitung.{{cite news}}: CS1 maint: url-status (link)
  5. ^ "Credit Suisse lurches from one risk management crisis to the next".{{cite web}}: CS1 maint: url-status (link)
  6. ^ a b c "Company Overview of Credit Suisse Group AG: Urs Rohner". Bloomberg. Retrieved 2 August 2017.
  7. ^ a b c d e f Franklin, Joshua (25 April 2017). "Credit Suisse investors prepare to grill chairman Rohner over pay". Reuters. Retrieved 2 August 2017.
  8. ^ a b c d e "Urs Rohner". International Institute for Management Development. Retrieved 2 August 2017.
  9. ^ https://www.bloomberg.com/news/articles/2021-03-29/top-credit-suisse-shareholder-says-chairman-s-pay-should-be-cut
  10. ^ "How Credit Suisse rolled the dice on risk management — and lost".{{cite web}}: CS1 maint: url-status (link)
  11. ^ "Rise and Fall of Credit Suisse's Urs Rohner". 30 April 2021.{{cite web}}: CS1 maint: url-status (link)
  12. ^ "Credit Suisse lurches from one risk management crisis to the next".{{cite web}}: CS1 maint: url-status (link)
  13. ^ Erik Nolmans: Credit Suisse: Der Aufsteiger. In: Bilanz 23/2010. 17 December 2010 (German).

Weblinks[]



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