CS Switzerland: Departure of the Compliance Manager

After just four months in her position, compliance director Floriana Scarlato is stepping down with immediate effect and leaving Credit Suisse (Switzerland).

Compliance Manager Floriana Scarlato left Credit Suisse (CS). You have decided to take on a new challenge outside the bank, he writes Swiss credit Monday. Only at the beginning of March did Scarlato take over as Head of Compliance at Swiss World Bank (SUB). She was also a member of the SUB Management Committee and a member of the Executive Board of Credit Suisse (Switzerland).

Prior to moving to Swiss Universal Bank (SUB) in CS, she worked as Head of Compliance in the International Wealth Management division. It was after the 1st of March Erwin Group who in turn took over the management of the core compliance department.

According to information from finews.ch, Scarlato is leaving CS of his own free will. It is clear that there is no connection with the deficiencies in compliance that could have led to the cases of Grencelle and Archigos.

Multiple exits

I had to last April Lara WarnerCS, head of risk management and compliance, took off her hat after the Greensill and Archegos scandals. Antonio Horta Osorio, the new Chairman of the Board of Directors, has made addressing deficiencies in risk management a priority. In the past few weeks, CS has had to deal with several departures, especially at the investment bank.

Scarlato has worked at CS since 2005 and since then has held several important management positions, he says. Between 2013 and 2015 she held the position of Head of Private Banking and Wealth Management for Business Risk Management.

The announcement continued that information on her successor would be provided in due course.