Tidjane Thiam went to which school between Aug 1981 and Sep 1981?
Tidjane Thiam Tidjane Thiam ( ; born 29 July 1962 ) is an Ivorian banker who was the chief executive officer ( CEO ) of Swiss bank Credit Suisse from March 2015 to February 2020 . He was the chief financial officer of British banking group Prudential from 2007 to 2009 , and then its CEO until 2015 . In 2019 , Thiam became a member of the International Olympic Committee ( IOC ) . Born into a prominent political family in the Ivory Coast , he holds dual Ivorian and French citizenship . He studied advanced mathematics and physics in France before joining the management consultants McKinsey & Company in 1986 , where he worked until 1994 . From 1994 to 1999 he worked in the Ivory Coast first as chief executive of the National Bureau for Technical Studies ( BNETD ) . Following the 1999 Ivorian coup détat , he resumed a private sector career and rejoined McKinsey in Paris from 2000 to 2002 , then worked as a senior executive for Aviva before being recruited by Prudential . Early life and education . Thiam was born in the Ivory Coast ( Côte dIvoire ) on 29 July 1962 . He is a descendant of two prominent families from Senegal and Ivory Coast . On his mother’s side , he is a descendant of Queen Yamousso , after whom the capital of Côte dIvoire , Yamoussoukro , is named . Thiams mother , Marietou , was the niece of Chief Félix Houphouët-Boigny , the founder and first President of Côte dIvoire ( known for the quote People are surprised that I like gold . Its just that I was born in it ) . His father , Amadou Thiam , a journalist , was born in Senegal and emigrated to Côte dIvoire in 1947 . He supported Houphouet-Boigny in his fight for the independence of the country and served more than ten years in the Ivorian cabinet after independence . Tidjane’s uncle , Habib Thiam , was Prime Minister of Senegal for more than 10 years and also served as President of the National Assembly . In 1982 Thiam was the first Ivorian to pass the entrance examination to the École Polytechnique in Paris . In 1984 , he graduated from the École Polytechnique and in 1986 from the École Nationale Supérieure des Mines de Paris where he was top of his class . In 1986 he was offered a scholarship to study for an MBA at INSEAD and join the McKinsey Fellows Programme in Paris . He received an MBA from INSEAD in 1988 ( Deans list ) . In 1989 he took a one-year sabbatical from McKinsey to participate in the World Banks Young Professionals Program in Washington , D.C . He returned to McKinsey in 1990 , working first in New York City and then in Paris . Government career . In December 1993 , the first Ivorian President , Félix Houphouët-Boigny , died and was replaced by Henri Konan Bédié . In April 1994 , at the request of the new President , Thiam left France and McKinsey to go back to Abidjan and become the CEO of the National Bureau for Technical Studies and Development ( BNETD ) , an infrastructure development and economic advisory body with more than 4,000 staff , reporting directly to the President and the Prime Minister . In that role , which had cabinet rank , he was also handling key negotiations with the International Monetary Fund and the World Bank . Thiam was also a key member of the Privatization Committee , in charge of privatising extensive state-owned assets . In August 1998 , in addition to his role at the BNETD , where he became chairman , Thiam formally joined the cabinet and was appointed Minister of Planning and Development . In his years in Côte dIvoire , Thiam promoted private sector involvement in infrastructure development . He implemented flagship projects including the Azito power plant ( nominated by the Financial Times as one of the boldest successful investment decisions in the world , the renovation of Abidjan airport and the construction of the Riviera Marcory toll bridge , whose financing was closed a few days before the 1999 coup . One of the first actions of the new President , Alassane Ouattara , in 2011 was to start the construction of that bridge as originally overseen by Thiam , with the same promoters . Thiam actively promoted an extensive privatisation programme which saw , between 1994 and 1999 , Côte dIvoire lead African countries by privatising its telephone , services , electric power generation , airports , railways and many companies in the agricultural sector . In 1998 , the World Economic Forum in Davos named him as one of the annual 100 Global Leaders for Tomorrow , and in 1999 the Forum named him a member of the Dream Cabinet . In December 1999 , whilst Thiam was abroad , the Ivorian military seized control of the government . Thiam returned to the country , where he was arrested and held for several weeks . General Guéï , the new head of state , offered him the position of chief of staff , but he declined and left the country in early 2000 . Prudential . On returning to Europe , Thiam was offered a partnership by McKinsey in Paris , becoming one of the leaders of the companys financial institutions practice . In 2002 he joined Aviva , initially as group strategy and development director , then as managing director of Aviva International , chief executive of Aviva Europe and an executive director , sitting on the plc board . In January 2007 , after Richard Harvey announced he would step down as chief executive of Aviva , Thiam was tipped as a possible future head of the group . Thiam left Aviva in September 2007 to become chief financial officer of Prudential plc . In March 2009 , Thiam was named chief executive , effective from October , after Mark Tucker chose to step down . The appointment made him the first African to lead a FTSE 100 listed company . His departure from the role was announced on 10 March 2015 . After he became chief executive , Prudential launched a bid for AIA , the Asian wing of the crisis-stricken AIG . A public battle ensued , with some investors complaining about the $35.5 billion price Prudential was offering to pay . The bid eventually failed , after the AIG board rejected a revised lower bid . AIA was later floated on the Hong Kong Stock Exchange , and the value of the company quickly rose above Prudential’s original bid price . Thiam came under strong personal criticism following the failure of the bid , partly as a result of the costs incurred by the company in pursuing the bid . However , he was re-elected as CEO at the May 2011 AGM with a 99.3 per cent vote . The companys performance since the bid appears not to have been damaged by its failure - in the first nine months of 2011 , Prudential delivered a 14 per cent increase in new business profits over the same period in 2010 , with total insurance sales increasing by 10 per cent , while in its full-year results for 2013 , Prudential delivered an IFRS operating profit of £2.95 billion , up 17 per cent from the year before . In March 2013 , the Financial Services Authority fined Prudential £30m and censured its CEO , Thiam , for failure to inform it of its plans to buy AIA and failure of dealing with the FSA in an open and cooperative manner . Credit Suisse . Thiam was appointed the chief executive officer ( CEO ) of Swiss investment bank and financial services company , Credit Suisse Group AG on 10 March 2015 . An hour after his appointment was announced , the company stock increased by 7.5% . During his first two years , he led the bank through a restructuring process cutting costs and jobs . His compensation was US$9.9 million in 2016 and $10.2 million in 2017 . His pay was originally scheduled to be $11.2 million in 2017 , however it was reduced after shareholder backlash . From 2016 to 2019 , Under Thiam , Credit Suisse expanded their wealth management business and generated net new assets of CHF121bn ( €113.7bn ) , and their pre-tax profit from wealth management grew double-digit ( +15% ) for four years in a row , from €2.5bn in 2015 to €4.4bn in 2019 . In March 2018 , Thiam detailed a new profitability track for the company by stating : Weve been cleaning up a lot of undesirable trades that we should not have done.. . Theres no way to clean up the past , given the legacy we have , without generating losses . We have profitable operations of the company . Resignation . In September 2019 , he became involved in a scandal with Iqbal Khan , a former employee of Credit Suisse who had transferred to UBS . Khan , Credit Suisses former head of Wealth Management , accused Thiam of sending spies after him . The two , who were also neighbors , were alleged to have fallen out over personal issues earlier on . In October 2019 , Credit Suisse cleared Thiam of ordering the botched surveillance . The Homburger inquiry presented its report to the Credit Suisse board and said that Bouée , not Thiam , had independently made the call to follow Khan . Bouée resigned , although he has since said that he intends to sue the bank . Credit Suisses head of global security also resigned . On February 7 , 2020 , Tidjane Thiam resigned amid a power struggle which followed the spying scandal . In a statement , Thiam said : I had no knowledge of the observation of two former colleagues . It undoubtedly disturbed Credit Suisse and caused anxiety and hurt . I regret that this happened and it should never have taken place , Thiam said in the statement . Shares in Credit Suisse more than halved from a late February high through a mid-March low as banks slumped on worries about the impact of sweeping lockdowns across most of Europe put in place to slow the spread of the novel coronavirus ( on February 8 , 2020 , UBS was at 70% of its March 2015 stock price , Credit Suisse 55% ) . International development . In October 1999 Thiam was appointed by James Wolfensohn as one of 20 members of the External Advisory Council of the World Bank Institute , which the Institute relies on for advice and guidance . Thiam is a member of the Africa Progress Panel ( APP ) , a group of ten distinguished individuals who advocate at the highest levels for equitable and sustainable development in Africa . Every year , the Panel releases a report , the Africa Progress Report , that outlines an issue of immediate importance to the continent and suggests a set of associated policies . In 2012 , the Africa Progress Report highlighted issues of Jobs , Justice , and Equity . In January 2011 Thiam was appointed chairman of the G20s High Level Panel on Infrastructure Investment . Established by the Seoul G20 summit in 2010 , the panel was a grouping of figures from leading financial institutions and development agencies given the task of producing concrete proposals to encourage private sector investment in infrastructure projects in emerging economies . The panel submitted its report to the G20 Summit meeting in Cannes in November 2011 . In 2013 Thiam was one of the authors of “A Partnership for the Future” , a report prepared at the request of the French Minister for the Economy and Finance by five French and Franco-African political and economic experts . The report set out proposals for building a new economic partnership based on a business relationship between France and the African continent , particularly the countries of Sub-Saharan Africa . Thiam is a member of the UK Prime Ministers Business Advisory Group and he is one of UK Trade & Investments Business Ambassadors . In November 2020 , Thiam was appointed by the cabinet of Rwanda to head the board of Rwanda Finance Limited . In early 2021 , he was appointed by the G20 to the High Level Independent Panel ( HLIP ) on financing the global commons for pandemic preparedness and response , co-chaired by Ngozi Okonjo-Iweala , Tharman Shanmugaratnam and Lawrence Summers . Awards and honors . Thiam was chairman of the Association of British Insurers between July 3 , 2012 , and October 1 , 2014 . Thiam is a member of the International Business Council of the World Economic Forum . He was a non-executive director of the French chemicals company Arkema until November 2009 . In 2007 , Thiam was elected INSEAD Alumnus of the Year by the Insead Alumnus Association . In 2009 , he was nominated as one of 50 Alumni who changed the world as part of the celebration of the 50th anniversary of INSEAD and its 38,000 graduates . He was ranked number one in both 2010 and 2011 by the annual publication the Powerlist , which ranks the 100 most influential Africans in the UK . In July 2011 , Thiam was awarded the rank of Chevalier of the Légion dhonneur by the French government in recognition of his significant contribution to civil life for more than 20 years . In 2013 , he was awarded the Grand Prix de l’Économie , organised by Les Échos and Radio Classique , in partnership with law firm Freshfields Bruckhaus Deringer . In July 2018 , business and finance magazine Euromoney named Thiam Banker of the Year 2018 , citing his radical three-year plan that had reinvented Credit Suisse . Personal life . Tidjane was married to Annette Anthony Thiam , an African-American lawyer who used to work for Joe Biden , and they have two sons . Tidjanes eldest son Bilal Thiam died of cancer in May 2020 at the age of 24 . Tidjane and Annette separated in 2015 , and divorced in 2016 . A dual citizen of the Ivory Coast and France , he speaks English , French , and German fluently .