EMEA - Leonard Fischer, who was made CEO for Europe, Middle East and Africa (EMEA) last December, has left Credit Suisse with immediate effect to take up a position outside the banking world.
No successor to Fischer has yet been named, although Michael G. Philipp, chairman of the EMEA region, will take on his responsibilities in the interim period.
It is believed Fischer decided to leave after Brady Dougan was named as the replacement for departing overall CEO, Oswald Grübel, in mid-February.
Fischer has left the bank to take up a position as co-CEO at RHJ International, a Brussels-based holding company backed by private equity firm Ripplewood Holdings.
Speaking of his new role, Fischer commented: "Taking on the role of co-chief executive officer at RHJI... is an exciting opportunity for me.”
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