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Restructuring whiz Koerner lands in Credit Suisse CEO hot seat

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Reuters UK

By Oliver Hirt ZURICH (Reuters) – Ulrich Koerner, a Porsche fan and rally driver, will need all his navigation skills to steer loss-making Credit Suisse towards profitability as the Swiss bank embarks on yet another campaign to get back on solid ground. Koerner, who cut his teeth as a management consultant, will take over next month as chief executive from Thomas Gottstein, who has had a tumultuous two-and-a-half-year stint running Switzerland’s second-largest bank. For the new CEO, it could be a short, tough, fix-it mission to prune investment banking to cut costs and get the 166-year-old Swi…

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