Tidjane Thiam News

Credit Suisse`s website says it has offices in approximately 50 countries and lists Johannesburg as its only sub-Saharan African location.

Credit Suisse Chief Executive Tidjane Thiam`s pay for his first full year in the job swelled to 11.9 million Swiss francs ($12 million), while bonuses rose 6 percent despite back-to-back annual losses at Switzerland`s second-biggest bank.

Newly appointed Credit Suisse AG Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank`s businesses, amid expectations that the incoming CEO would cut staff by about 15 percent from its investment banking arm.

Incoming Credit Suisse boss Tidjane Thiam is expected to focus on private banking in Asia while aggressively cutting jobs at its investment bank, as he aims to repeat the success in the region of his old employer, Prudential. 

Credit Suisse`s next chief executive, Tidjane Thiam, could cut almost 3,000 jobs from its investment bank, or 15 percent of staff, as part of a shift of capital away from trading desks to private banking in Asia, analysts said.

Credit Suisse`s incoming chief executive, Tidjane Thiam, brushed aside criticism that his track record in investment banking may not be strong enough to lead a company where investment banking ties up most of the bank`s capital.

Credit Suisse has swooped on Prudential boss Tidjane Thiam to lead the Swiss bank in a push to manage more of the wealth of Asia`s fast growing multi-millionaires` club.

Long-standing Credit Suisse boss Brady Dougan is set to quit as chief executive of the Swiss bank as soon as Tuesday and will be replaced by Prudential head Tidjane Thiam, people familiar with the moves told Reuters.

Brady Dougan is set to quit as chief executive of Credit Suisse , a person familiar with the matter told Reuters. He will be replaced by Tidjane Thiam, who heads insurance group Prudential , the Financial Times reported.