You are here

Credit Suisse boss faces revolt from bankers

Tidjane Thiam's strategy shift towards emerging markets and disdain for once-core businesses have made many of the financial giant's well-compensated deal-makers unhappy

Mr Thiam says Credit Suisse should dedicate itself to cultivating billionaires in China, Indonesia and Africa.

New York

WHEN Tidjane Thiam took over at Credit Suisse last July, he laid out a new direction for a financial giant with a storied investment banking history: do less investment banking.

And he used forceful language in doing so. He has referred to once-core businesses - such as