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Credit Suisse's leadership history unfolds through visionary leaders like Alfred Escher, who founded the bank in 1856. Hermann Heller's international focus during 1909–1937 and August Rust's diversification from 1942–1967 laid crucial foundations. Edwin Stopper's strategies in 1979–1990 brought challenges amid expansion into global markets.
The final deal to purchase Credit Suisse for CHF 3 billion ($3.2 billion) was accepted by the board of Credit Suisse prior to the opening of Asian financial markets on Monday morning. The acquisition was an all-stock deal, with Credit Suisse shareholders receiving 1 UBS share per 22.48 Credit Suisse shares, equivalent to CHF 0.76 per share.
Ed Fagan, one of the main attorneys representing the plaintiffs in the WJC case against Swiss banks, would again file suit against Credit Suisse and UBS in 2002, this time on behalf of South African Apartheid victims. [40] The case was later expanded to include more than 30 companies, including Nestle, Ford, Shell, ExxonMobil and Citigroup. He ...
Credit Suisse First Boston (also known as CSFB and CS First Boston) was the investment banking affiliate of Credit Suisse headquartered in New York. [2]The company was created by the merger of First Boston Corporation and Credit Suisse Group in 1988 and is active in investment banking, capital markets and financial services.
He then became head of technology and services in 2000, before assuming the role of CFO at Credit Suisse in 2002. In to this role, he was appointed chief operating officer (COO) in 2004. In 2006, he became chief executive officer of Credit Suisse Switzerland. Körner was a member of the executive board at Credit Suisse until he moved to UBS. [4]
Six months later, in June 2001, Mack was hired as CEO of Credit Suisse, then known as Credit Suisse First Boston (CSFB). [9] Mack's time at Credit Suisse was marked by much restructuring and by compliances issues created by Frank Quattrone's Technology Group. [10]
At the time of the merger, Union Bank of Switzerland and Swiss Bank Corporation were the second and third largest banks in Switzerland, respectively both trailing Credit Suisse. [14] Discussions between the two banks had begun several months earlier, less than a year after rebuffing Credit Suisse's merger overtures. [15]
Tidjane Thiam (French: [tidÊ’an tiam]; [1] [2] born 29 July 1962) is an Ivorian and French businessman, and the executive chairman of Freedom Acquisition Corp. [3] He was the chief executive officer (CEO) of Swiss bank Credit Suisse from March 2015 to February 2020.