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Dispute shows challenge to Thiam's strategy

Credit Suisse claims five departing investment bankers stole confidential info, coaxed ex-colleagues to join them
Saturday, August 20, 2016 - 05:50
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DIFFERENT FOCUS: After he became CEO in June 2015, Mr Thiam shifted the bank towards wealth management and away from capital-intensive businesses such as bond trading, alienating some of the dealmakers.

New York

CREDIT Suisse Group AG is accusing a group of five investment bankers who left for Jefferies Group LLC in May of stealing confidential information and trying to coax former colleagues to join them.

The dispute, which has not been previously reported, offers insight into