Emanuel picks former Credit Suisse exec as deputy mayor

August 1, 2012 5:05:23 PM PDT
Mayor Rahm Emanuel has picked a longtime executive with Credit Suisse as the new deputy mayor.

Steven Koch is taking over the position being given up by Mark Angelson on September 4th.

Emanuel says his experience in business and government will help create more economic opportunities.

The mayor's office says Koch will make $1 a year as deputy mayor.