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ZURICH (

TheStreet

) -- Robert Benmosche, the newly appointed CEO of

American International Group

(AIG) - Get American International Group, Inc. Report

, has stepped down from the board of

Credit Suisse

(CS) - Get Credit Suisse Group AG Report

.

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Benmosche has been a director of the Swiss bank since 2002.

"We are most grateful for the significant contribution Robert Benmosche has made to Credit Suisse during his seven years as member of the board. Bob's advice and counsel with regard to the development and implementation of our integrated bank strategy have been invaluable," said Hans-Ulrich Doerig, Credit Suisse chairman, in a statement.

AIG named Benmosche,

MetLife's

(MET) - Get MetLife, Inc. Report

former chairman and CEO, as its

new CEO

last week. He takes over as AIG CEO on Monday.

-- Reported by Joseph Woelfel in New York

.