Credit Suisse Group today announced the appointment of Nita Patel as Chief Compliance Officer. She will join the Executive Board, effective November 1, 2022, reporting directly to Group Chief Executive Officer Ulrich Körner. Nita Patel succeeds Rafael Lopez Lorenzo, who has decided to step down for family reasons.
Nita Patel most recently served as Chief Compliance Officer of the Asset Management division as well as the UK Investment Bank. She was also a member of various key Business and Compliance committees. In 2021, Nita Patel joined Credit Suisse from Goldman Sachs, where she spent 18 years in various senior Compliance roles across the Asset Management and Markets divisions. She holds a Master’s degree in Finance and Investment from Brunel University in London.
Ulrich Körner, Chief Executive Officer of Credit Suisse, said: “I am delighted to welcome Nita to her new role and am looking forward to working with her on the Executive Board. She joins with an impressive track record in leadership positions, with a career spanning more than two decades. Since joining Credit Suisse, Nita has already played an instrumental role in the recent transformation that was initiated under Rafael’s leadership, ensuring a smooth transition over the coming months. At the same time, I would like to thank Rafael for his commitment and contribution in building and strengthening the Compliance function such as through key hires over the past year. Credit Suisse will continue to benefit from his profound experience as he takes on a new role within the bank.”
Rafael Lopez Lorenzo will be appointed non-executive member of the Board of Credit Suisse Bank (Europe), S.A. (CSEB) in Spain, subject to regulatory approval.