Antonio Horts Osorio, a former chairman of Credit Suisse is a well-known banker and a stockholder in Portuguese. Continue reading the article to learn more about the individual.
Antonio Horts Osorio a former chairman of Credit Suisse, Switzerland’s No.2 bank is replaced by Axel P. Lehmann.
He is currently trending on the internet after giving his resignation from the post.
Who Is Antonio Horta Osorio? Wikipedia Bio
Antonio Horta Osorio is the chairman of Credit Suisse, Switzerland’s No.2 bank. He is available on Wikipedia as a Portuguese/British banker.
He was working as a group chief executive officer (CEO) of Lloyds Banking Group (2011-2021) prior to being the chairman of Credit Suisse.
However, he resigned due to COVID violations and left the position after only nine months.
He was born as the eldest son of António Lino de Sousa Horta Osório, on January 1964 in Lisbon. He was born to a family of great scholars and personalities.
Osorio’s father was a lawyer and national table tennis champion.
In addition, his paternal grandfather was also a lawyer, economist, and politician António de Sousa Horta Sarmento Osório. Not only that his maternal grandfather is Carlos Cecilio Nunes Góis Mota, the 29th president of Sporting Clube de Portugal.
He was raised with his two sisters and one brother.
He started his career at a Citibank in Portugal in 1987, where he rose to the position of vice president and head of Capital Markets until 1990.
Osorio’s career makes a new change when he was appointed as CEO in Lloyds Banking Group on March 1, 2011.
He served the Lloyds bank from 2011 to 2021.
Antonio Horta Osorio’s Wife Ana- Explore His Net Worth
Antonio Horta Osorio was married to his wife Ana with three children. His estimated net worth as of January 2022 is $4million.
His total compensation at Lloyds Banking plc was $4,727,000 as the Group Chief Executive and Executive Director. He was even into the stock market and has purchased 1.1 million Swiss francs ($1.2 million) in shares.
He is one of the richest and successful bankers in Portuguese.
The details about his wealth and assets can be found here.
Why Did Credit Suisse Chairperson Antonio Horta Osario Resign?
Credit Suisse Chairperson Antonio Horts Osario resigned from his position after he violated Covid-19 rules. The company conducted a preliminary investigation last month and discovered that Mr. Horta-Osorio went to the Wimbledon tennis finals in July.
Despite the fact that the UK’s Covid-19 restrictions required him to be quarantined.
According to Reuters, Mr. Horta-Osorio also violated Swiss Covid restrictions when he flew into the country on November 28 but left on December 1.
As per Swiss law, he should have been quarantined for 10 days upon his arrival.
Mr. Horta-Osorio joined Credit Suisse in April of last year after the bank was embroiled in a series of scandals.
Similarly, there is another different story that has been surfacing on the internet. The first one was being investigated after breaking the Covid- regulations.
However, allies of the former Lloyds Banking Group CEO argue that the board of Credit Suisse could have rebuked him rather than forced him out.
Furthermore, the Swiss bank did not appreciate his efforts to reform an executive team and culture that has been hit by a series of scandals in recent years.
He was replaced by Axel P. Lehmann as a new Chairman by the Board of Directors (Board), effective immediately.