The
yesterday’s NZZ
on Sunday story brought Tidjane Thiam mad. On
Instagram Trump defends Thiam against “entirely
false and defamatory ”statements.
Thiam’s problem: The story should be correct. The ex-banker is called Claudio de Sanctis and left CS in summer 2018.
before
de Sanctis was up at a top management meeting, according to a source
went on the offensive against the Bürgenstock against Thiam.
He said that he openly criticized his dealings with women. This is the real reason why Thiam in turn acted against de Sanctis. “It was about ethics, not business.”
–
Thiam
asked the head of de Sanctis, Iqbal Khan, to go
Collect “dirty material” against the critic, wrote the
NZZ on Sunday.
khan
have refused what came to break with Thiam. This
be the real reason for the disagreement.
This keeps the whole CS in suspense. Reuters, a global news agency, reports today that financial market regulators have targeted the top CS.
Thiam’s dealings with women have long been an issue. The English Times wrote that the CS boss was on a party tour with his deputy Pierre-Olivier Bouée in Ibiza.
The CS intervened with lawyers, the Times deleted the passage. (IP also deleted as a result.) The criticized spot can still be found on other websites.
Thiam
said a few weeks ago that he was not Bouée as a friend
would designate. He was “maybe eating with him once
gone, if at all ”.
The statement is astonishing. Bouée and Thiam have been a sworn duo for 20 years when they were together at McKinsey in Paris.
bouée
now check loud
Finews from Friday a lawsuit against his dismissal without notice.
The procedure is directed against CS President Urs Rohner and his
VR colleagues.
Thiams
Party behavior shines a glaring light on the behavior at the top
the CS. Officially, Bank Zero Tolerance applies to such things.
The CS security chief had once received a sharp reprimand and a promotion freeze after a comparatively harmless story.
Thiam is not aware of such a punishment as happened to the security chief. It appears to be above the CS Code of Ethics.
This is despite the fact that Thiam critic de Sanctis, who has switched to Deutsche Bank, allegedly complained internally about the behavior of the top poster child of the financial multinational.
De Sanctis did not respond to requests last week.
The CS security guards probably know more. There have been repeated reports of personal protection for Thiam around the clock. His helicopter and corporate jet flights were also an issue.
Thiam belongs to a kind of secret lodge in France. This is called Le Siècle and counts renowned and partly controversial people among its members, according to Dominique Strauss-Kahn, who fell over an alleged sex affair.
In addition to Thiam, Denis Kessler is also a member of Le Siècle. The head of the French reinsurer Scor received a special love service from Thiam at the end of 2018.
Thiam presented Kessler with countless documents relating to a takeover attack on Kessler’s Scor.
The CS investment bank had previously helped the attacker, a company called Covéa, attack the Scor.
An interview with the Scor CEO shows how much Kessler was grateful to the CS boss for his shot and all the internal documents.
–
“Je salue le comportement exemplaire de Tidjane Thiam (…) qui a décidé, après enquête internal, de retirer son soutien à Covéa dès le mois de novembre 2018, décision que Covéa s’est bien gardé de rendre publique!”, Kessler said Les Echos.
With the disclosure, Thiam disavowed the CS investment bankers and the attacker, Covéa, as an important customer of Credit Suisse.
Two other banks involved in the attack, Barclays and Rothschild, had taken legal action against any disclosure.
At the end of October 2019, Thiam had to announce large losses for that part of its investment bank that deals with advice on takeovers, such as Covéa’s attack on Scor. The head of the unit has resigned.
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