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Breaking Covid rules made António Horta-Osório’s position untenable

Forget the conspiracy theories; Sir António's failures of judgment led to his downfall

By David Wighton
If reports are true that Sir António Horta-Osorio sought exemption from a Swiss 10-day quarantine and when it was turned down went ahead with a trip anyway, this would be a very serious matter for the chairman of any company
If reports are true that Sir António Horta-Osorio sought exemption from a Swiss 10-day quarantine and when it was turned down went ahead with a trip anyway, this would be a very serious matter for the chairman of any company Photo: Jason Alden/Getty Images

The resignation of Sir António Horta-Osório as chair of Credit Suisse has given City conspiracy theorists a bit of a field day.

Surely the board would have stood by him over a couple of breaches of Covid quarantine rules, unless they wanted an excuse to kick him out? Perhaps he has lost the board’s confidence following the investor disappointment at the recent strategic review?

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