Credit Suisse is set to resume a risk assessment following the loss of Archegos

Credit Suisse has set up a new risk assessment team in its financial sector as it begins to streamline operations and operations after losing $ 5.5bn since the collapse of Bill Hwang’s family office, Archegos Capital.

Amelie Perrier will lead this new group, called risk to its affiliate market. It tracks the performance of its major retailers and the potential for banking with the aim of preventing further damage to the Swiss lender.

Perrier was a global market leader and joined Credit Suisse in 2016. His nomination was announced at a press conference on Friday, first reported by the Wall Street Journal.

Credit Suisse has been a concern this year the problems of the two problems which exposed major weaknesses in managing banking risks and their culture. He was forced to raise money after a major business venture that helped him lose billions after betting on the retail market that paid Archegos failed.

The stock market crash followed the closure of a $ 10bn investment fund at Credit Suisse linked to a financial group held at Greensill Capital. It can cost bank customers around $ 3bn and is being investigated by regulators around the world.

The new chairman António Horta-Osório is repeat Risk for the lender is to direct the process. Several responsible executives have left the bank.

Despite lending billions to Archegos, FT says Credit Suisse he only made $ 17.5m from dating last year. The low cost and unexpected risk – about $ 20bn – led to an alarm between the committee and managers, who are investigating. Results will be published in the summer.

Other lenders including Deutsche Bank and Goldman Sachs also had access to Archegos, but they had sufficient risks and had sufficient limits to sell the property without loss.

However, Morgan Stanley, UBS and Nomura lost $ 5bn all.