Embarrassing scandal: The logo of Credit Suisse is seen at a branch office in Zurich. The drama at Credit Suisse has transfixed Zurich financial circles since it emerged that the bank hired a private investigation firm to shadow its former employee. — Reuters
LONDON: Credit Suisse Group AG’s probe into a botched spying operation is homing in on the role of Chief Operating Officer Pierre-Olivier Bouee, according to a person familiar with the matter.
The investigation shows that Bouee was involved in authorizing the surveillance of former executive Iqbal Khan, said the person, who asked not to be identified because the matter is private. While it’s not clear who else might have signed off on the spying, the board is leaning toward sparing Chief Executive Officer Tidjane Thiam’s job after a top shareholder expressed support for the lender’s senior executives, the person said.
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