Dispute shows challenge to Thiam's strategy

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 how the Swiss bank's push into wealth management under CEO Tidjane Thiam may be prompting the departure of bankers that Wall Street businesses want to retain.