Claudio de Sanctis (47), who works for Deutsche Bank today, is said to have triggered the dispute. He managed the European business at CS. The “upstart” is said to have fueled fears in Thiam. The CEO wanted to get rid of the Italian.
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Silence is no longer the right strategy
For Thiam, this article apparently caused the barrel to overflow. He believes in the freedom of the press and the importance of free media, he writes on Instagram *. «I’m sorry to have to write this message. But the amount of misrepresentation I have had to deal with over the past few months shows me that silence is no longer the right strategy, »Thiam writes in English.
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Articles in the Swiss Sunday press that claim that he has ordered to collect incriminating material against Claudio de Sanctis are “completely untrue”, according to Thiam.
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Credit Suisse distances itself
According to “NZZ am Sonntag”, Thiam asked his manager Khan to collect “dirty material” about his employees. So that the Franco-Ivorian has something in hand against the Italian. Khan refused. For Thiam, this refusal was disloyal behavior. There was a break.
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The CS also dissociates itself from the content: «The accusation made in the media that the Group CEO would have ordered the search for incriminating material against Claudio de Sanctis is wrong and damaging to reputation. Credit Suisse rejects it in all its forms. »
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Thiam continues to threaten journalists on Instagram: “From now on, I will use this platform from time to time to speak up if untrue information is disseminated to the public.”
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UBS-Ermotti is also active on social media
With his Instagram strategy, Thiam is not the first Swiss top banker to fight alleged “fake news” – even if he chose the most inappropriate platform with the Instagram photo community. He has only been active there this week.
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Sergio Ermotti has been active on Twitter since the end of January 2019. BLICK knows: The UBS CEO has also opened his account in order to tackle undesirable reporting in the French tax affair.
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* Tidjane Thiam does not yet have a blue verification checkmark on Instagram like other celebrities, but the Credit Suisse press office has confirmed to BLICK that it is the CEO’s personal account.