Tidjane Thiam

From MarketsWiki
Jump to navigation Jump to search



Tidjane Thiam
Occupation Former CEO
Employer Credit Suisse Group

Tidjane Thiam was the chief executive officer of Credit Suisse Group from March 2015 to February 2020. He resigned from the role on February 7, 2020 in the wake of a spying scandal. He succeeded Brady Dougan as CEO.[1]

After joining Credit Suisse, Thiam oversaw a turnaround in which he shrank the trading arm of the investment bank and began repositioning the organisation as a wealth manager focused on ultra-rich entrepreneurs.[2]

Background[edit]

Thiam was CEO of the insurance firm Prudential plc before joining Credit Suisse.[3] 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.[4]

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[edit]

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, Thiam's right-hand man, had ordered surveillance on Khan, according to the investigation. The investigation concluded that Thiam had no part in the surveillance. The investigation was an embarrassment for Credit Suisse and Bouee was forced to resign.[5]

Education[edit]

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

References[edit]

John Lothian News logo1.png

@JohnLothian Twitter Feed

@JohnLothian: Davos Meetings Are Full of Potential But Rarely Full of Solutions
Davos Meetings Are Full of Potential But Rarely Full of Solutions https://t.co/IjiBbiFZMw— John Lothian (@JohnLothian) May 22, 2022

View Page

@JohnLothian: Record Food Costs Throw Spotlight on How China Will Feed Itself
Record Food Costs Throw Spotlight on How China Will Feed Itself https://t.co/KhhrcuGQZR— John Lothian (@JohnLothian) May 22, 2022

View Page

@JohnLothian: How $60 Billion in Terra Coins Went Up in Algorithmic Smoke
How $60 Billion in Terra Coins Went Up in Algorithmic Smoke https://t.co/g25ydiVp5M— John Lothian (@JohnLothian) May 22, 2022

View Page

@JohnLothian: I Used This $150 Device to Track My Covid Risk. I Got Covid Anyway
I Used This $150 Device to Track My Covid Risk. I Got Covid Anyway https://t.co/QPyncJCwIS— John Lothian (@JohnLothian) May 22, 2022

View Page

@JohnLothian: Covid Hits Apple Again, Disrupting Office Plans and Supply Chain
Covid Hits Apple Again, Disrupting Office Plans and Supply Chain https://t.co/zEteFtyXfs— John Lothian (@JohnLothian) May 22, 2022

View Page

@JohnLothian: DeFi Believers Never Say Die, Even After They See Terra’s Demise
DeFi Believers Never Say Die, Even After They See Terra’s Demise https://t.co/Ew0lmCndFJ— John Lothian (@JohnLothian) May 22, 2022

View Page

We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.