Credit Suisse COO resigns over spying scandal


Chief operating officer Pierre-Olivier Bouee, 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 AG.

ZURICH: Credit Suisse Group AG exonerated CEO Tidjane Thiam as one of his key allies took the fall for a corporate spying scandal that shook Zurich’s financial elite and tainted the bank’s reputation.

Chief operating officer Pierre-Olivier Bouee, 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 AG. The bank said that he acted alone, informing neither Thiam nor the board of his intentions.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Credit Suisse , COO , resigns , spying , scandal ,

   

Next In Business News

Bursa Malaysia succumbs to selling pressure Premium
Global airlines prepare for Omicron volatility, agility will be key Premium
Pharmaniaga allocates RM295mil for FY22 capex Premium
Producer price index hits new record in October 2021 after surging 13.2% Premium
Md Alwi appointed MDEC chairman Premium
Bintai Kinden signs MoU for RM700mil GDV development near KLIA Premium
Awanbiru inks RM79.89mil deal for supply of Google workspace solutions Premium
Petronas awards feed contracts for Sabah's nearshore LNG project Premium
Cagamas concludes pricing of RM4bil worth of bonds, sukuk Premium
Malaysia's November manufacturing PMI rises to 52.3 Premium

Others Also Read


Vouchers