Tidjane C. Thiam is the former Chief Executive Officer of Credit Suisse Group AG and Credit Suisse AG (2015 - 2020/02). He had been a member of the Executive Board of Credit Suisse Group AG and Credit Suisse AG since 2015.
Mr. Thiam resigned on February 6, 2020, after losing a boardroom battle after it emerged that two former employees had been placed under surveillance.
"I had no knowledge of the observation of two former colleagues. I regret that this happened and it should never have taken place," Mr. Thiam said in a statement.
Under his leadership, Credit Suisse implemented a three-year drive to focus on managing the assets of wealthy clients, scale back investment banking and restructure its global markets business.
Mr. Thiam is credited with taking Credit Suisse from a $3 billion loss in its 2015 financial year and returning it to profitability by 2018.
He was previously Group Chief Executive, Prudential Plc., (2009-2015). He was Chief Financial Officer until 30 September 2009. Mr. Thiam was previously Chief Executive Officer, Europe at Aviva, where he also held successively the positions of Group Strategy and Development Director and Managing Director, Aviva International.
Mr. Thiam spent the first part of his professional career with McKinsey & Company in Paris, London and New York, serving insurance companies and banks. He then spent a number of years in Africa where he was Chief Executive and then Chairman of the National Bureau for Technical Studies and Development in Côte d’Ivoire and a cabinet member as Secretary of Planning and Development.
Mr. Thiam returned to France to become a partner with McKinsey & Company as one of the leaders of their Financial Institutions practice before joining Aviva in 2002.
Board and Advisor Roles
Mr. Thiam is a director of global Luxury group, Kering since June 2020. He was a co-chair of the World Economic Forum 2016 in Davos. He’s a member of the Group of Thirty (G30). He joined the 21st Century Fox Board of Directors in November 2014. He was a non-executive director of Arkema in France until November 2009, when he resigned from the Arkema board. He was a member of the Council of the Overseas Development Institute (ODI) in London, a sponsor of Opportunity International, and a member of the Africa Progress Panel chaired by Kofi Annan. From 1994 to 1999, Mr. Thiam returned to Côte d’Ivoire to serve as a Cabinet Secretary, CEO of the National Bureau for Technical Studies and Development, and represented Côte d’Ivoire vis-à-vis the World Bank/IMF.
- In April 2020, President Cyril Ramaphosa, Chairperson of the African Union, appointed Mr. Thiam as African Union Special Envoy on Covid 19.
- He was recognized as a Global Leader for Tomorrow by the World Economic Forum in 1997 and included in the WEF’s world ‘dream cabinet’ in 1999.
- He was recognized on the ‘Time 100’ list in 2010.
- He led one of the largest and most successful emerging market privatizations and infrastructure development programs.
Mr. Thiam is a graduate from Ecole Polytechnique and of Ecole des Mines de Paris. He also holds a Master of Business Administration (MBA) from Insead.