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Mr Thiam joined Credit Suisse as chief executive in 2015 after a career at Prudential.
Credit Suisse’s chief executive Tidjane Thiam has actually resigned amidst a power battle which followed a spying scandal at the bank.
Mr Thiam is stepping down after five years at the Swiss bank simply months after it emerged two former employees had been positioned under monitoring.
The board backed chairman Urs Rohner, for leading it “commendably during this rough time”
Mr Thiam stated he did not understand the spying was occurring,
The monitoring scandal at first emerged in September when a probe discovered the bank’s former chief running officer, Pierre-Olivier Bouée, had worked with private detectives to track its previous head of wealth management Iqbal Khan.
Credit Suisse later confessed its former personnels head Peter Goerke had also been trailed, triggering an examination by Swiss monetary guard dog FINMA.
The bank’s board unanimously accepted Mr Thiam’s resignation on Friday. Simply two days previously, he had actually published a smiling picture of himself on Instagram with senior associates at Credit Suisse.
Mr Thiam will leave on