C Suisse CEO focuses on the future as restructuring ends

Tidjane Thiam

Tidjane Thiam is looking forward to things getting back to normal.

Bloomberg News reports that, in an interview with Swiss newspaper NZZ am Sonntag, the CEO of Credit Suisse said the bank is now targeting “business as usual” after years of restructuring.

“Over the past three years we worked day and night to deal with our legacy from the past,” he said, referring to positions in the trading unit that it downsized.

While Credit Suisse is still one of Europe’s largest investment banks, its main focus is managing money for wealthy entrepreneurs around the globe and especially in emerging markets. Thiam’s pitch is that the bank would use its investment-banking expertise to serve the ultra rich.

Hit the link below to access the complete Bloomberg News article:

Credit Suisse Heralds Calmer Years Ahead as Restructuring Ends

Lehman's Carcass Has Handed Huge Profits to Distressed Funds


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