Credit Suisse Integrates Sustainability Function into Wealth Management, Investment Banking Divisions
Credit Suisse announced today a series of executive moves and structural changes, following the company’s unveiling last month of a new strategy and organizational structure. As part of the changes announced today, the company will see its Sustainability, Research & Investment Solutions (SRI) organization reintegrated into its other business divisions, along with the upcoming departure of SRI CEO Lydie Hudson.
SRI was formed in July 2020, with the goal of creating a house view on supertrends and sustainability, driving the firm’s content, advisory, investment and capital market solutions across wealth management, corporate and institutional clients. Going forward, Credit Suisse stated that IS&P (Investment Solutions & Products) will be integrated into its Wealth Management business division, and Research into the Investment Banking business.
Hudson has led SRI since its founding, and has been with Credit Suisse since 2008. Prior to SRI, she served as the firm’s Chief Compliance and Regulatory Affairs Officer.
Thomas Gottstein, Credit Suisse Group CEO, said:
“I would like to thank Lydie, who worked in global roles across the firm and ultimately launched and led SRI. She will leave an indelible mark on the organization and with our clients. Spearheading programs like the Global Women’s Financial Forum and Sustainability Week, she has enabled our clients and employees to participate in our efforts to become a more inclusive and sustainable firm. She is a champion of diversity and a trusted colleague. We look forward to working with Lydie through the transition period and wish her well for the future.”