This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-31811787
The article has changed 6 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Prudential boss Tidjane Thiam to lead Credit Suisse | Prudential boss Tidjane Thiam to lead Credit Suisse |
| (35 minutes later) | |
| Prudential boss Tidjane Thiam will leave the insurance firm to take the top job at Credit Suisse later this year, the Swiss bank has said. | Prudential boss Tidjane Thiam will leave the insurance firm to take the top job at Credit Suisse later this year, the Swiss bank has said. |
| Mr Thiam has headed Prudential for six years and replaces Credit Suisse chief executive Brady Dougan, who has led the firm since 2007. | Mr Thiam has headed Prudential for six years and replaces Credit Suisse chief executive Brady Dougan, who has led the firm since 2007. |
| Ivory Coast-born Mr Thiam was the first black chief executive of a FTSE 100 company when he was appointed in 2009. | Ivory Coast-born Mr Thiam was the first black chief executive of a FTSE 100 company when he was appointed in 2009. |
| Mr Dougan will step down at the end of June. | Mr Dougan will step down at the end of June. |
| 'Extensive experience' | |
| In a statement, Credit Suisse chairman Urs Rohner said that "Tidjane Thiam, a strong and distinguished leader with an impressive track record in the global financial services industry, will take the helm of our bank". | |
| He added: "His extensive international experience, including in wealth and asset management and in the successful development of new markets, provides a firm foundation for leading Credit Suisse. As CEO, he led Prudential to great success in challenging times." | |
| Prudential confirmed Mr Thiam was to stand down, and that "we have identified a successor and expect to be able to announce a new CEO once regulatory approval process has been completed". | |
| Mr Thiam said he would presenting the Pru's first 2015 quarterly results in May and attending his final AGM as chief executive shortly afterwards. | |
| Meanwhile, Credit Suisse said it was "extremely grateful" to Brady Dougan for his "exceptional commitment, unparalleled personal contribution and leadership to Credit Suisse over many years". | |
| "Brady has significantly and successfully shaped our company; he has kept our bank on track in recent years despite a complex environment and considerable headwinds in the global financial services industry. | |
| "Brady and his management team have mastered even the most difficult challenges together," Mr Rohner said. |