C Suisse CEO on tough days at the helm

Brady Dougan Interview Still

Brady Dougan, the first American to serve as sole chief executive officer of Credit Suisse, said that there were times when he wished he had considered that fact more before taking on the job.

Bloomberg News reports that in his final speech to shareholders Friday after almost eight years as CEO of the bank, Dougan, 55, expressed gratitude to those who have given him support over the years.

'I know this support is not universal', he added. He recalled that that at his first introduction to shareholders as CEO in 2007, one investor cautioned him about taking on the role.

'He noted that my background seemed adequate, but that I was an American', Dougan said. 'He suggested I should take the next year to reflect on the situation. If I still wanted to be CEO, this could be considered at the next AGM.

‘'There have indeed been a few days when I wish I had taken that advice'.

To access the complete Bloomberg News article hit the link below:

Dougan Says Was at Times Hard for American to Lead Credit Suisse

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