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Zurich chairman steps down over apparent suicide of CFO Zurich chairman steps down over apparent suicide of CFO
(21 days later)
Zurich Insurance has said its chairman, the former Deutsche Bank boss Josef Ackermann, will step down immediately following the apparent suicide of the insurer's financial chief earlier this week.Zurich Insurance has said its chairman, the former Deutsche Bank boss Josef Ackermann, will step down immediately following the apparent suicide of the insurer's financial chief earlier this week.
"I have reasons to believe that the family is of the opinion that I should take my share of responsibility, as unfounded as any allegations might be," Ackermann said in a statement on Thursday."I have reasons to believe that the family is of the opinion that I should take my share of responsibility, as unfounded as any allegations might be," Ackermann said in a statement on Thursday.
"As a consequence, I see the possibility of a continued successful board leadership to the benefit of Zurich called into question.""As a consequence, I see the possibility of a continued successful board leadership to the benefit of Zurich called into question."
Swiss police said this week that the death of Zurich's finance chief, Pierre Wauthier, on Monday appeared to be a suicide.Swiss police said this week that the death of Zurich's finance chief, Pierre Wauthier, on Monday appeared to be a suicide.
Wauthier's death and the apparent suicide of Swisscom boss Carsten Schloter five weeks ago have prompted calls for greater support for boardroom high-flyers.Wauthier's death and the apparent suicide of Swisscom boss Carsten Schloter five weeks ago have prompted calls for greater support for boardroom high-flyers.
Since returning to Switzerland after stepping down from German lender Deutsche last year, Ackermann has become a forceful advocate for the Swiss financial sector and was a rare senior banker still in a position of power given the departure of other top figures since the financial crisis.Since returning to Switzerland after stepping down from German lender Deutsche last year, Ackermann has become a forceful advocate for the Swiss financial sector and was a rare senior banker still in a position of power given the departure of other top figures since the financial crisis.
Zurich's vice-chairman and former ABN Amro banker Tom de Swaan will take over as acting chairman, the insurer said.Zurich's vice-chairman and former ABN Amro banker Tom de Swaan will take over as acting chairman, the insurer said.
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