Credit Suisse's head of regulatory compliance, Julian Gooding, is leaving Switzerland's second-biggest bank as part of a sweeping overhaul involving thousands of job cuts, people with knowledge of the departure told Reuters.
Credit Suisse is cutting 9,000 jobs as part of a restructuring plan announced in October to restore profitability after a series of scandals and losses that have drawn regulatory scrutiny and undermined investors confidence.
Last year, the Swiss bank posted its biggest loss since the global financial crisis of 2008 and warned of more pain to come after customers pulled an unprecedented 110 billion Swiss francs . Gooding's tasks will be assigned to Roger Senteler, chief compliance officer for the wealth management unit, and Alain Bieger, chief compliance officer for the Swiss bank division, the people said.Separately, Credit Suisse
it was delaying its annual report after a last-minute call from the United States Securities and Exchange Commission , which raised questions about its earlier financial statements and related controls.
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