March 22, 2023

Group AG appointed Dixit Joshi as chief financial officer to replace David Mathers who decided to step down as the lender prepares for a broad shakeup after a string of losses.

Joshi will take over on Oct. 1, the Swiss bank said in a statement.

The firm also named Francesca McDonagh as group chief operating officer from Sept. 19 and Michael J. Rongetti as ad-interim chief executive officer of the asset management division. Francesco de Ferrari will become CEO of the Europe, Middle East and Africa region.

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