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Old 11.03.2015, 10:29
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Re: Credit Suisse, UK, France & Africa: a modern tale

It shouldn't be the colour of someone's skin that is the focus of news about any CEO's appointment.

More interesting is that he comes from outside the banking sector in contrast to the lifer he will replace.

In 2009, Thiam made a disastrous attempt to buy AIA. It was vetoed by Pru's shareholders who said the price was too high.

Some CEO's careers would not have survived that.

He is a good choice for Credit Suisse. I imagine their strategy will be continuing to shrink investment banking and expanding business in Asia.
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