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Credit Suisse can take time on Swiss unit IPO decision - Rohner

March 30, 2017 at 03:10 am EDT

ZURICH (Reuters) - Credit Suisse Group can take its time on deciding whether to go ahead with a planned listing of its domestic banking unit, originally envisioned for the second half of 2017, Chairman Urs Rohner told the Weltwoche magazine.

"We are not under special time pressure," he said in an interview when asked how quickly the bank needed to decide.

Asked whether the bank could skip the IPO, he said: "The board will review with management this and all other options and decide which is the best long-term solution for the company and shareholders."

Citing sources familiar with the matter, Reuters has reported that Switzerland's second-biggest bank is also considering a stock sale at group level and was likely to make a decision in April on how to proceed.

(Reporting by Michael Shields and Oliver Hirt, editing by John Miller)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	DEERE & COMPANY	394.6 USD	-0.68%	-0.57%	110B
	SWISS RE LTD	100.4 CHF	-0.37%	+2.24%	32.01B

Urs Rohner

Urs Rohner currently works at Credit Suisse Americas Foundation, as Chairman, Vega Cyber Associates AG, as Chairman, GSK Plc, as Independent Non-Executive Director from 2015, The Institute of International Finance, Inc., as Director, IMD Scholarship Foundation, as Director, Economiesuisse, as Director, Zurich Chamber of Commerce, as Director, Institute International d'Etudes Bancaires, as Director from 2012, Alfred Escher-Stiftung, as Director, Swiss Finance Council, as Director, International Institute for Management Development, as Trustee, New York State Bar Association, as Member from 1990, European Financial Services Round Table, as Member, Opernhaus Zürich AG, as Member-Supervisory Board from 2011, Stiftung Avenir Suisse, as Trustee, Lucerne Festival, as Trustee, Zurich Bar Association, as Member from 1986, and European Banking Group, as Member.
Mr. Rohner also formerly worked at Prosieben Media AG, as Chairman-Executive Board & Chief Executive Officer from 2000 to 2004, Credit Suisse Group AG, as Chairman from 2011 to 2021, Credit Suisse AG, as Chairman, Swiss Bankers Association, as Vice Chairman-Governing Board, Credit Suisse Foundation, as Chairman, ProSiebenSat.1 Media SE, as General Counsel & Head-Corporate Center from 2000 to 2004, Swiss International Air Lines AG, as Member-Management Board, Lenz & Staehelin AG, as Attorney from 1983 to 1988, Lenz & Staehelin AG, as Partner from 1992 to 1999, Sullivan & Cromwell LLP, as Attorney from 1988 to 1989, Credit Suisse (International) Holding AG, as Chief Operating Officer from 2010 to 2011, and Credit Suisse (Schweiz) AG, as Member-Supervisory Board from 2015 to 2021.
Mr. Rohner received his graduate degree in 1983 from the University of Zurich.

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