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Citing unnamed sources, the paper said Chief Legal Officer Romeo
Cerutti, finance chief David Mathers, and Asia-Pacific regional
boss Helman Sitohang were set to step down.
These three were the longest-serving members of the bank's
12-member executive board.
Asked about the report, a spokesperson said the bank had been
implementing a new strategy and organisational structure
announced last November that sharpened its focus on wealth
management and scaled back investment banking.
"As part of this work, senior management under the leadership of
the group CEO together with the board of directors is regularly
discussing succession plans and is reviewing senior appointments
for certain positions, including for certain legal entities,
regions and the executive board," she added.
"However, no board decisions have been taken and we will
communicate at the appropriate time."
Credit Suisse said last week it expected to report a
first-quarter loss after increasing legal provisions, seeing
business activity slow and taking a hit from the fallout of
Russia's invasion of Ukraine.
That stepped up pressure on Chief Executive Thomas Gottstein,
who had told a financial conference in March that business had
been relatively solid in the first two months of the year.
The bank is still reeling from losses in 2021, which prompted a
top management shake-up, and as it faces further probes over
compliance and risk failings such as a $5.5 billion hit from the
implosion of investment fund Archegos and the collapse of $10
billion in supply chain finance funds linked to insolvent
British financier Greensill.
It reports quarterly results on Wednesday and holds its annual
meeting on Friday.
Proxy advisers Glass Lewis and ISS have recommended shareholders
vote against discharging the bank's board and management from
liability for the 2020 financial year.
(Reporting by Michael Shields; Editing by Frank Jack Daniel)
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