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Zurich says no 'undue pressure' in ex-CFO's death

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November 4, 2013 04:14 AM EST | AP

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GENEVA (AP) — Zurich Insurance Group says two independent probes have found no indication that its former chief financial officer was subject to undue pressure before he killed himself.

Pierre Wauthier was found dead on Aug. 26 at his lakeside home in Walchwil, Switzerland, in what police said was an apparent suicide.

Wauthier, a well-respected 17-year veteran at Zurich and married father of two, left behind a note describing his strained working relationship with then-chairman Josef Ackermann, former head of Deutsche Bank and one of Germany's best-known business figures. Ackermann resigned after the death.

Zurich's statement Monday said two investigations directed by Swiss financial regulators "found no indication that Pierre Wauthier was subjected to any undue or inappropriate pressure, and furthermore, the presentation of the financial figures was confirmed as appropriate."