Credit Suisse’s Tidjane Thiam and Urs Rohner
Yesterday evening the board of directors of Credit Suisse unanimously accepted the resignation of chief executive Tidjane Thiam. The official announcement does not make clear whether or not they were also unanimous in asking him to resign, though that is certainly the implication.
Lead independent director Severin Schwan says they were also unanimous in reaffirming support for chairman Urs Rohner to complete his term and stay on until April 2021.
The rumbling row over the hiring of private detectives last year to follow former head of International Wealth Management Iqbal Khan during his gardening leave after quitting for UBS had boiled down in the last week to this: would Rohner oust his chief executive or would the chairman himself have to stand down for daring to suggest such a course?
After all, Thiam was the outsider Rohner had turned to to save Credit Suisse after it had...
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
