Credit Suisse boss to join UBS board after rescue takeover closes

It comes amid speculation that Francesca McDonagh, former chief executive of Bank of Ireland, will retain her role at Credit Suisse post-takeover

Bosses at UBS said they anticipate the deal will legally close in the “next few weeks”. Picture: Getty

UBS said the boss of Credit Suisse will join its board after it closes its rescue takeover of the Swiss banking rival.

It is part of a major leadership reshuffle two months after the Government-led rescue takeover of Credit Suisse in a 3.25 billion US dollar (€3 million) deal by UBS.

The news comes amid speculation that Credit Suisse’s top three executives - including Francesca McDonagh, the former chief executive of Bank of Ireland ...