The new CCO takes over from an individual who is moving to be a non-executive member of the board of Credit Suisse Bank (Europe) in Spain.

Credit Suisse, which today reported third-quarter financial results, has appointed Nita Patel as chief compliance officer. 

Patel will join the executive board as of 1 November and report to group CEO Ulrich Körner. Patel succeeds Rafael Lopez Lorenzo, who has decided to step down for family reasons, the bank said in a statement.

Media reports earlier this week said that Lorenzo was leaving the post. 

Rafael Lopez Lorenzo will be appointed non-executive member of the Board of Credit Suisse Bank (Europe), (CSEB) in Spain, subject to regulatory approval.
The bank said Patel most recently served as CCO at its asset management division as well as the UK investment bank. She was also a member of various business and compliance committees at Credit Suisse.

In 2021, Patel joined Credit Suisse from Goldman Sachs, where she spent 18 years in various senior compliance roles across the asset management and markets divisions. She holds a Master’s degree in Finance and Investment from Brunel University in London.

“She joins with an impressive track record in leadership positions, with a career spanning more than two decades,” Körner said. “Since joining Credit Suisse, Nita has already played an instrumental role in the recent transformation that was initiated under Rafael’s leadership, ensuring a smooth transition over the coming months. At the same time, I would like to thank Rafael for his commitment and contribution in building and strengthening the compliance function such as through key hires over the past year.”