The Swiss bank made its first prominent hire from Lloyds, which its new overseer ran until eight weeks ago.
It is no surprise to banking observers that António Horta-Osório is setting a few accents at Credit Suisse with the help of some former associates from Lloyds. The first is the hire of Zarina Mahmud as head of diversity and inclusion in Europe and the wider region including the Middle East and Africa, effective immediately, according to a memo seen by finews.com on Friday.
A spokesman for the Zurich-based bank confirmed her hire, first reported by «Financial News» overnight. Mahmud, who is 43 and British, will remain based in London, where she worked in a similar role for the last six years, and report to Della Sabessar, who holds the job globally.
Mahmud has been at Lloyds, which Horta-Osório ran before becoming chairman of the Swiss bank, for more than 20 years. She was private banker to wealthy clients before delving into topics of workplace diversity and inclusion in 2015.
