The Board of Directors of Credit Suisse Group AG announced that it will nominate Richard Meddings for election to the Board at the Annual General Meeting on 30 April 2020.
Meddings, chairman of the UK bank TSB, is a recognized financial expert with over 30 years of experience in the financial services sector spanning retail banking, wealth management and investment banking. He started his banking career at Hill Samuel Bank in corporate finance in 1984. In the subsequent years he held senior finance roles at Credit Suisse First Boston (former BZW) and Woolwich, before joining Barclays in 2000 as group financial controller and COO of the Wealth Management Division. Following that, he was a member of the main board of Standard Chartered from 2002 to 2014 and held the position of Group Finance Director during the period from 2006 to 2014.
In addition to his chairman role at TSB, Meddings currently serves as a non-executive director and chair of the Audit Committee of HM Treasury in the UK. Former non-executive roles include supervisory board member and chair of the Audit Committee at Deutsche Bank, non-executive director and chair of the Risk Committee at Legal and General Group, non-executive director, chair of the Remuneration Committee and member of the Audit and Risk Committees at Jardine Lloyd Thompson Group, and non-executive director and lead independent director at 3i Group.
Urs Rohner, chairman of the Board of Directors, commented: "Through Meddings' wealth of knowledge and experience in the financial industry and his expertise in audit and risk management, he will make a valuable contribution as a new member of our Board of Directors. I look forward to working with him closely."