Credit Suisse’s chief compliance officer, Rafael Lopez Lorenzo, is set to leave the bank in the coming weeks after a little more than a year in the role, Bloomberg reported Sunday, citing sources familiar with the matter.
Lopez Lorenzo took up the role in October 2021 after Lara Warner left the bank amid twin scandals involving Archegos Capital Management and Greensill that cost the Swiss bank billions of dollars.
Warner, however, held a combined role that encompassed risk and compliance at the bank. Credit Suisse hired David Wildermuth, a 24-year veteran of Goldman Sachs, to fill the chief risk officer half of that responsibility.
Lopez Lorenzo’s exit is not related to the strategic overview Credit Suisse is planning to announce Thursday, Bloomberg’s sources said.
Lopez Lorenzo’s upcoming departure is just the latest reshuffling the bank’s C-suite has seen. Credit Suisse is expected to announce Thursday that its investment banking chief, Christian Meissner, will leave the bank in the coming months, Bloomberg reported.
Lopez Lorenzo joined Credit Suisse in 2015 after serving 12 years at JPMorgan Chase, most recently overseeing risk for the New York City-based bank’s corporate and investment bank.