page_title: Tidjane Thiam
section_title: Credit Suisse
hierarchical_section_title: Tidjane Thiam / Credit Suisse
caption_attribution_description: Credit Suisse, Paradeplatz in Zürich (Switzerland)
context_page_description: Tidjane Thiam is an Ivorian banker who was the chief executive officer 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 2013.
  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. Following the 1999 Ivorian coup d'état, 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.
context_section_description: 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 2015 to 2018, Credit Suisse did not turn an annualized profit under Thiam. In light of this fact, he has repeatedly asked for his bonuses and overall compensation to be reduced. In March 2018, Thiam detailed a new profitability track for the company by stating: "We've been cleaning up a lot of undesirable trades that we should not have done... There's no way to clean up the past, given the legacy we have, without generating losses. We have profitable operations of the company."
  In September of 2019, he became involved in a scandal with Iqbal Khan, a former employee of Credit Suisse who had transferred to UBS, accusing 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.
caption: Thiam was appointed chief executive of Credit Suisse in 2015.
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