Credit Suisse boss Antonio Horta-Osorio broke Covid quarantine rules to watch Wimbledon, internal probe finds
The chairman of Credit Suisse broke Britain’s lockdown rules by attending the Wimbledon tennis finals in July, an internal investigation has found.
Antonio Horta-Osorio, the former boss of Lloyds Bank who left for Credit Suisse this year, was already found to have violated Switzerland’s restrictions by jetting to the Iberian Peninsula this month when he should have been isolating.
But a probe found he also disregarded the UK’s Covid curbs, sources told news agency Reuters.
Tennis fan: Credit Suisse boss Antonio Horta-Osorio (right) with Portuguese Davis Cup star Joao Lagos
Horta-Osorio, a keen tennis fan who was a member at the prestigious Queen’s Club in London while at Lloyds, attended Wimbledon when Covid rules said he should have quarantined.
Switzerland and most other European countries were on Britain’s ‘amber list’ at the time, which meant visitors had to isolate for ten days when they arrived.
But Horta-Osorio cut his time short when he went to the Wimbledon finals on the weekend of July 10 and 11. Credit Suisse declined to comment.
A Government spokesman said: ‘Passengers are responsible for ensuring they comply with all travel rules, including providing accurate information on their passenger locator form, and failure to do so could lead to a fine or imprisonment.’
It is the second example of the Portuguese banker, 57, breaking lockdown rules. On November 28, he entered Switzerland from the UK and should have isolated for ten days.
Just days later, he flew on a private jet to the Iberian Peninsula despite being informed by government officials that he would not get special exemptions.
When that came to light, Horta-Osorio said he ‘sincerely regretted this mistake’ and would ‘ensure that this does not happen again’. He is being reviewed by prosecutors in Switzerland after he reported the violation to them and could face a fine of up to £4,000.
Horta-Osorio is known among colleagues for his own tennis prowess.
He broke his right wrist during a game on his 30th birthday, and was told he would never play again. Rather than give up, he became left-handed – and can now play the sport ambidextrously.
Horta-Osorio was supposed to be cleaning up Credit Suisse’s reputation, following a string of scandals. The lender incurred huge losses after Greensill Capital, in which it invested, collapsed and the meltdown of hedge fund Archegos, which it was heavily exposed to.
It was also still trying to recover from a spying scandal among its top brass.