Tidjane Thiam (brought into the world 29 July 1962) is a French-Ivorian broker who has filled in as the CEO of Swiss bank Credit Suisse from March 2015 to February 2020. Past to expecting the post, Thiam was the CFO of British financial gathering Prudential from 2007 to 2009 preceding filling in as its CEO until 2013.

Naturally introduced to a conspicuous political family in the Ivory Coast, he holds double Ivorian and French citizenship.

He examined propelled arithmetic and material science in France before joining the administration specialists McKinsey and Company in 1986, where he worked until 1994.

From 1994 to 1999 he worked in the Ivory Coast first as CEO of the National Bureau for Technical Studies (BNETD). Following the 1999 Ivorian rebellion, he continued a private division profession and rejoined McKinsey in Paris from 2000 to 2002, at that point filled in as a senior official for Aviva before being selected by Prudential.

Early life and instruction

Thiam was conceived in the Ivory Coast (Cote d'Ivoire) on 29 July 1962. Thiam's mom, Marietou, was the niece of Chief Félix Houphouët-Boigny, the organizer and first President of Côte d'Ivoire.

His dad, Amadou Thiam, a columnist, was conceived in Senegal and emigrated to Côte d'Ivoire in 1947. He upheld Houphouet-Boigny in his battle for the autonomy of the nation and served over ten years in the Ivorian bureau after independence.

Tidjane's uncle, Habib Thiam, was Prime Minister of Senegal for over 10 years and furthermore filled in as President of the National Assembly.

In 1982 Thiam was the first Ivorian to breeze through the placement test to the École Polytechnique in Paris. In 1984, he moved on from the École Polytechnique and in 1986 from the École Nationale Supérieure des Mines de Paris where he was top of his class.

In 1986 he was offered a grant to read for an MBA at INSEAD and join the McKinsey Fellows Program' in Paris.

He got an MBA from INSEAD in 1988 (Dean's rundown). In 1989 he took a one-year vacation from McKinsey to take an interest in the World Bank's Young Professionals Program in Washington, D.C. He came back to McKinsey in 1990, working first in New York City and afterward in Paris.

Government profession

In December 1993, the first Ivorian President, Félix Houphouët-Boigny, passed on and was supplanted by Henri Konan Bédié.

In August 1998, notwithstanding his job at the BNETD, where he became administrator, Thiam officially joined the bureau and was designated Minister of Planning and Development.

One of the primary activities of the new President, Alassane Ouattara, in 2011 was to begin the development of that extension as initially regulated by Thiam, with similar advertisers.

In 1998, the World Economic Forum in Davos named him as one of the yearly 100 Global Leaders for Tomorrow, and in 1999 the Forum named him an individual from the Dream Cabinet.

In December 1999, while Thiam was abroad, the Ivorian military held onto control of the legislature. Thiam came back to the nation, where he was captured and held for a little while. General Guéï, the new head of state, offered him the situation of head of staff, however, he declined and left the nation in mid-2000.

Prudential

Thiam talking at the World Economic Forum in Dalian, China, 2011.

On coming back to Europe, Thiam was offered an organization by McKinsey in Paris, getting one of the pioneers of the organization's money related foundations practice.

In 2002 he joined Aviva, at first as gathering procedure and improvement executive, at that point as overseeing chief of Aviva International, CEO of Aviva Europe and an official chief, sitting on the plc board.

In January 2007, after Richard Harvey declared he would step down as CEO of Aviva, Thiam was tipped as a potential future leader of the group.

After he got CEO, Prudential propelled an offer for AIA, the Asian wing of the emergency stricken AIG. An open fight followed, with certain speculators whining about the $35.5 billion costs Prudential was offering to pay.

The offer, in the long run, fizzled, after the AIG board dismissed an updated lower bid. AIA was later glided on the Hong Kong Stock Exchange, and the estimation of the organization immediately transcended Prudential's unique offer price.

In March 2013, the Financial Services Authority fined Prudential £30m and blamed its CEO, Thiam, for inability to educate it regarding its arrangements to purchase AIA and disappointment of managing the FSA in an open and agreeable manner.

Credit Suisse

Thiam was selected as CEO of Credit Suisse in 2015.

Thiam was selected the (CEO) of Swiss venture bank and money related administration organization, Credit Suisse Group AG on 10 March 2015.

An hour after his arrangement was declared, the organization stock expanded by 7.5%. During his initial two years, he drove the bank through a rebuilding procedure reducing expenses and jobs. His pay was US$9.9 million in every 2016 and $10.2 million in 2017.

considering this reality, he has more than once requested his rewards and in general, remuneration to be reduced.  In March 2018, Thiam itemized another productivity track for the organization by expressing:

"We've been tidying up many unwanted exchanges that we ought not to have done...It is highly unlikely to tidy up the past, given the heritage we have, without creating misfortunes. We have productive activities for the company."

In September of 2019, he got engaged with an embarrassment with Iqbal Khan, a previous representative of Credit Suisse who had moved to UBS, blaming Thiam for sending spies after him. The two, who were additionally neighbors, were asserted to have dropped out over close to home issues prior to.

In October 2019, Credit Suisse cleared Thiam of requesting the messed up surveillance.

Credit Suisse Resignation

On 7 February 2020, Tidjane Thiam surrendered in the midst of a force battle which followed a spying outrage at Credit Suisse.

In an announcement, Mr. Thiam stated: "It without a doubt upset Credit Suisse and caused uneasiness and hurt. I lament this occurred and it ought to never have occurred."

The spying embarrassment, which included Iqbal Khan, Credit Suisse's previous head of Wealth Management being pursued through the lanes of Zurich, shook the somewhat staid universe of Swiss banking, dominating Tidjane Thiam's endeavors to update the bank.

Grants and praises

Thiam was executive of the Association of British Insurers between July 3, 2012, and October 1, 2014. Thiam is an individual from the International Business Council of the World Economic Forum. He was a non-official executive of the French synthetic substances organization Arkema until November 2009.

In 2007, Thiam was chosen INSEAD Alumnus of the Year by the Insead Alumnus Association.

In 2009, he was selected as one of "50 Alumni who changed the world" as a component of the festival of the 50th commemoration of INSEAD and its 38,000 graduates.

In July 2011, Thiam was granted the position of Chevalier of the Légion d'honneur by the French government in acknowledgment of his noteworthy commitment to common life for more than 20 years.

In 2013, he was granted the Grand Prix de l'économie, sorted out by Les Échos and Radio Classique, in an organization with law office Freshfields Bruckhaus Deringer.

In July 2018, business and money magazine Euromoney named Thiam "Broker of the Year 2018", refering to his "radical three-year plan" that had "rethought" Credit Suisse.

Individual life

Tidjane was hitched to Annette Thiam, an African-American legal advisor who used to work for Joe Biden, and they have two sons.

In October 2015, it was accounted for that they had separated. A double resident of the Ivory Coast and France, he communicates in English, French, and German fluently.