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Horta-Osório resigns as Credit Suisse chair over Covid breaches

Axel Lehmann drafted in after ex-Lloyds chief apologises for disregarding quarantine rules several times

António Horta-Osório has resigned as chair of Credit Suisse after a board investigation found that he had breached coronavirus quarantine rules more than once.

The former chief executive of UK-based Lloyds Banking Group had been in the post for just eight months and had promised to restore the Swiss bank’s reputation following a spate of high-profile scandals.

Yet Horta-Osório’s personal conduct became the subject of a board-level investigation at the end of last year after he was found to have breached quarantine rules on at least two occasions.

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