Connect with us

Hi, what are you looking for?

News

Tidjane Thiam resigns as CEO of Credit Suisse

Credit Suisse said its CEO Tidjane Thiam has resigned. This followed charges of 2 spying scandals which had impacted the Swiss bank’s operations. The board of directors of the bank unanimously accepted Thiam’s resignation. It also appointed appointing Thomas Gottstein, a veteran in the bank, as the new CEO. In 2019, the bank’s COO Pierre-Olivier Bouee, was implicated in 2 separate spying operations – one involving the former head of wealth management Iqbal Khan. Khan had defected to UBS and Bouee reportedly feared that he might try to poach Credit Suisse employees and clients. The bank said he had ordered the surveillance to protect its interests. Bouee stepped down after that operation came to light. More recently, he was blamed for ordering a spying operation on Credit Suisse’s former head of human resources for several days last February. Thiam said he had no knowledge of the observation of 2 former colleagues, but it had undoubtedly disturbed Credit Suisse and caused anxiety and hurt. He added he regretted that this happened, and it should never have taken place. Credit Suisse said previously that Bouee had not informed Thiam or any other member of the bank’s senior leadership of the surveillance on Khan. Bouee and Thiam worked closely together for nearly 2 decades at various firms before joining the Swiss bank.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't miss our updates on your email

Subscribe to our Newsletter

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.