This company has been acquired
Credit Suisse Group Management
Management criteria checks 1/4
Credit Suisse Group's CEO is Ulrich Korner, appointed in Apr 2021, they has a tenure of 2.17 years. Their total yearly compensation is CHF2.50M , comprised of 92% salary and 8% bonuses, including company stock and options. They directly owns 0.009% of the company’s shares, worth $305.84K. The average tenure of the management team and the board of directors is 1.2 years and 1.9 years respectively.
Key information
Ulrich Korner
Chief executive officer
CHF 2.5m
Total compensation
| CEO salary percentage | 92.0% |
| CEO tenure | 2.2yrs |
| CEO ownership | 0.009% |
| Management average tenure | 1.2yrs |
| Board average tenure | 1.9yrs |
Recent management updates
Recent updates
UBS Stock Gains But Don't Get Too Excited Just Yet
Aug 15Credit Suisse: It Is Over
Jun 06Credit Suisse shares slide after chairman's remarks attract regulator scrutiny
Feb 21Credit Suisse Group AG reports Q4 earnings; strengthen business momentum in 2023 and beyond
Feb 09Credit Suisse: A Contrarian Buy
Jan 24Mizuho Financial is said to hire some Credit Suisse traders in U.S. markets expansion
Jan 17Fed, FDIC finds issues with Credit Suisse and BNP Paribas's living wills
Dec 16Credit Suisse's Earnings Weren't Brilliant But It's Unlikely To Go Under
Nov 01French court approves Credit Suisse'$238M settlement in tax case
Oct 24Credit Suisse: Restructuring Does Not Mean Liquidation
Oct 13Credit Suisse And Deutsche Bank At Distressed Valuations: Which Bank Should You Avoid?
Oct 01Credit Suisse stock extends losses amid report of potential capital raise
Sep 23Credit Suisse reportedly explores bringing back First Boston brand
Sep 16Credit Suisse considering to cut around 5,000 jobs
Sep 02Credit Suisse downgraded to Sell at Goldman as IB returns to stay suppressed
Aug 02Credit Suisse CEO Thomas Gottsein said to be on his way out - WSJ
Jul 26Credit Suisse postpones debut of its real estate fund on market woes
Jul 13Credit Suisse YTD - Third Profit Warning
Jun 08CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2023 | n/a | n/a | CHF 5b |
| Dec 31 2022 | CHF 3m | CHF 2m | -CHF 7b |
Compensation vs Market: Ulrich's total compensation ($USD2.75M) is below average for companies of similar size in the US market ($USD6.77M).
Compensation vs Earnings: Insufficient data to compare Ulrich's compensation with company performance.
CEO
Ulrich Korner (61 yo)
2.2yrs
Tenure
CHF 2,500,000
Compensation
Dr. Ulrich Korner serves as Group Chief Executive Officer for Credit Suisse Group AG since August 1, 2022. He serves as Member of the Executive Board at Credit Suisse Group AG since April 01, 2021. He serv...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Member of the Executive Board | 2.2yrs | CHF 2.50m | 0.0086% $ 305.8k | |
| CEO of Banking & CEO of the Americas | less than a year | CHF 204.55k | no data | |
| CFO & Member of Management Board | less than a year | no data | no data | |
| CEO of Region Asia Pacific | less than a year | no data | 0.0072% $ 254.5k | |
| CEO of Wealth Management Division | 1.4yrs | no data | no data | |
| CEO of Swiss Universal Bank | 3.3yrs | no data | 0.0053% $ 187.8k | |
| Global Head of People & Member of Executive Board | 1.3yrs | no data | no data | |
| Chief Risk Officer & Member of the Executive Board | 1.4yrs | no data | 0.0021% $ 75.1k | |
| Chief Technology & Operations Officer and Member of the Executive Board | 1.4yrs | no data | 0.0027% $ 94.6k | |
| Group General Counsel & Member of Executive Board | less than a year | no data | no data | |
| COO & Member of Executive Board | less than a year | no data | no data | |
| Chief Compliance Officer & Member of Executive Board | less than a year | no data | 0.00017% $ 6.0k |
1.2yrs
Average Tenure
54.5yo
Average Age
Experienced Management: CS's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Honorary Chairman | 23.4yrs | no data | no data | |
| Independent Chairman of the Board | 1.7yrs | CHF 3.19m | 0.014% $ 510.7k | |
| Independent Non-Executive Director | 1.2yrs | CHF 834.09k | 0.00055% $ 19.5k | |
| Independent Director | 11.2yrs | CHF 425.00k | 0.0051% $ 181.1k | |
| Independent Non-Executive Director | less than a year | CHF 368.18k | 0.00046% $ 16.3k | |
| Independent Non-Executive Director | 1.2yrs | CHF 390.00k | 0.00062% $ 22.0k | |
| Vice-Chair & Lead Independent Director | 4.2yrs | CHF 840.00k | 0.0063% $ 222.2k | |
| Independent Non-Executive Director | 2.2yrs | CHF 575.00k | 0.0015% $ 52.1k |
1.9yrs
Average Tenure
58.5yo
Average Age
Experienced Board: CS's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.