Credit Suisse Chief Not Concerned Over Conflicts in Klein Deal
- ‘I have zero concerns,’ Ulrich Koerner tells CNBC at Davos
- Ex-board member Klein plans to sell his firm to Credit Suisse
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Credit Suisse Group AG’s top executive said he’s not concerned about potential conflicts of interest in the bank’s dealings with Michael Klein, the former board member who is slated to sell his advisory boutique to the Swiss lender.
“I have zero concerns,” Ulrich Koerner, the chief executive officer of Credit Suisse, said in an interview with CNBC when asked about potential conflicts of interest. “We can deal with a situation like that in the utmost professional way,” he said, adding that Klein is an “excellent banker and dealmaker.”