Credit Suisse has tapped a Goldman Sachs executive as its next chief risk officer as the Swiss bank continues to reshape its leadership in the wake of the twin crises of Archegos and Greensill.

David Wildermuth will join Credit Suisse as chief risk officer on 1 February next year, the bank said in a statement. He replaces Lara Warner, who was ousted in the wake of the collapse of family office Archegos, which has cost the Swiss bank $5.5bn — far more than its peers.