Friday, 22 October 2021

Credit Suisse CEO says clients unshaken by Khan affair

ZURICH: Credit Suisse boss Tidjane Thiam said a “media campaign” surrounding the Swiss bank’s tailing of former International wealth management executive Iqbal Khan was not affecting its client relationships.

Speaking publicly for the first time since the incident prompted an internal inquiry at the bank and a criminal investigation, Thiam said he had not directly or indirectly authorised the surveillance of Khan and called it inappropriate.

The incident has shaken up Swiss banking and cost one of his close allies a job, exposing enmities between Thiam and his former employee, which Thiam on Wednesday said had not affected his working relationship with Khan.

“I gave him the capital to do well, I gave him the support to do well,” Thiam told journalists at the bank’s third-quarter news conference in Zurich. “At no point have I or would I let the personal affect the professional.”

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