Credit Suisse CEO off the hook over spying scandal
The COO steps down after ordering detectives to shadow a former wealth-management head to prevent him from head-hunting staff
01 October 2019 - 13:12
Zurich/London/Frankfurt — Credit Suisse Group exonerated CEO Tidjane Thiam as one his key allies took the fall for a corporate spying scandal that’s shaken Zurich’s financial elite.
COO Pierre-Olivier Bouée, who worked as the CEO’s chief lieutenant at three companies for more than 10 years, stepped down after ordering detectives to shadow former wealth-management head Iqbal Khan to ensure he didn’t poach clients and brokers for his new post at UBS Group. The bank said that he acted alone, and there was no evidence that Thiam or the board knew about his actions...
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