Brought to you by Investec Switzerland. Last October, Credit Suisse Group AG Chief Executive Officer Tidjane Thiam called two of his bank’s businesses the “ugly ducklings that no one likes.” He’s just been reminded why. The Zurich-based lender’s units that trade corporate bonds and securitized products contributed about $500 million in so- called mark-to-market losses […]
Credit Suisse’s new CEO’s early life and career
Today Credit Suisse announced the appointment of a new CEO, Tidjane Thiam. He is currently the Group Chief Executive of Prudential, the British financial services firm made famous in 1850s England by its army of door-to-door salesmen who sold insurance policies to the working class population for premiums as low as one penny. These salesmen became […]