Credit Suisse Names Deutsche Bank’s Joshi CFO; Elevates McDonagh
- Joshi helped stabilize Deutsche Bank when it faced downgrades
- Francesca McDonagh is named as chief operating officer
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Credit Suisse Group AG tapped Deutsche Bank AG treasurer Dixit Joshi as chief financial officer and elevated Francesca McDonagh to operating chief in the first big leadership reshuffle under new Chief Executive Officer Ulrich Koerner.
Joshi will take over on Oct. 1, replacing David Mathers who previously announced he’s stepping down. McDonagh, the outgoing CEO of Bank of Ireland Group Plc, was originally hired this year to oversee the Europe, Middle East and Africa region when she joins in September. That role will now fall to wealth management head Francesco de Ferrari, who has run the region in the interim.