Managing Director of Credit Suisse since 2015, Tidjane Thiam is leaving the financial institution. Indeed, caught in a vast espionage scandal targeting in particular former members of the bank, the Franco-Ivorian, presented his resignation. He will leave the bank on February 14.
The Man of 57
years old, stepped down after a board meeting
on Thursday, held as the bank is splashed with
a twist that started in September with spinning
of a former high-ranking executive.
He will leave office on February 14 where he will be replaced by Thomas Gottstein who currently directs the bank’s activities for the Swiss market.
The case, which is worth his job at Tidjane Thiam, broke out in September after revelations about the spying of a former director of international wealth management at Credit Suisse. Iqbal Khan, tipped for a time to replace Tidjane Thiam, had just joined the competing bank … UBS.
The case got a new twist in December when Credit Suisse recognized a second case of espionage, this time concerning the former director of human resources. Things got even faster a few days ago with revelations from the “SonntagsZeitungg” claiming that the Greenpeace association was also targeted.
According to the Swiss press, Tidjane Thiam told the board of directors, which met on Thursday, that he had not “No knowledge” of these actions which have “Overnight at Credit Suisse”. “I regret what happened, it should never have happened”, added the Franco-Ivorian.
President Urs Rohner, also the target of harsh criticism from shareholders, said Tidjane Thiam “Enormously contributed to the development of Credit Suisse”, according to the Swiss press. “It is thanks to him that the bank is once again solid and has returned to profit”, he added.
An engineer graduated from the École Polytechnique and the École des Mines, Mr. Thiam had then taken over the bank’s orders after successfully repositioning the British insurer Prudential.
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