Tidjane Thiam

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Tidjane Thiam
Occupation CEO
Employer Credit Suisse Group

Tidjane Thiam is the chief executive officer of Credit Suisse Group. He was appointed to that role in March of 2015, succeeding Brady Dougan.

After joining Credit Suisse, Thiam shrank the trading arm of the investment bank and began repositioning the organisation as a wealth manager focused on ultra-rich entrepreneurs.[1]

Background

Thiam was CEO of the insurance firm Prudential plc before joining Credit Suisse.[2] He joined Prudential in March 2008 as chief financial officer.

He was born in Ivory Coast and raised mostly in France, where he attended school. He returned to the Ivory Coast in his mid-30s, becoming the country's minister of planning. He was traveling abroad in 1999 when a military coup took place in Ivory Coast; when he returned there, he was put under house arrest. He was released a few weeks later and offered a job by the new military government, which he turned down.[3]

Thiam began his career with the consulting firm McKinsey & Co., where he worked from 1986 to 1994 in Paris and London, serving insurance companies and banks. He returned to McKinsey after the Ivory Coast coup. In 2002, he joined the British insurer Aviva PLC, rising to head of European operations.

In 1998, he was selected as one of 100 “Global Leaders for Tomorrow” by the World Economic Forum.

Credit Suisse Spying Scandal

Thiam was cleared in an investigation regarding spying on a former wealth management executive, Iqbal Khan by Credit Suisse in October 2019. The case involved surveillance of Khan, who left the bank in July 2019 to join rival bank UBS. Credit Suisse Chief Operating Officer Pierre-Olivier Bouee had ordered surveillance on Khan, according to the investigation. The investigation also concluded that Thiam had no part in the surveillance. The investigation was an embarrassment for Credit Suisse and Bouee was forced to resign.[4]

Education

Thiam attended the Ecole Polytechnique in Paris and then France’s INSEAD business school.

References

  1. The feud at Credit Suisse that has shaken Swiss banking. The Financial Times.
  2. The CEO of a top investment bank says Wall Street pay is out of whack. Yahoo Finance.
  3. 11 Things to Know About Credit Suisse's New CEO. The Wall Street Journal.
  4. Credit Suisse Puts Spy-Scandal Blame on CEO’s Top Lieutenant. The Wall Street Journal.