Bloomberg

Credit Suisse CEO seeks to stem defections after Khan exit

Credit Suisse is trying to stem a spate of defections after Khan, who was popular with private bankers, joined Credit Suisse's biggest rival UBS Group as co-head of the wealth management business. Foto: PR

Credit Suisse Group Chief Executive Officer Tidjane Thiam is devoting more face time to top private bankers and holding talks on boosting pay as he seeks to prevent defections after Iqbal Khan's exit.

Thiam has been reaching out to the best revenue generators at the international wealth business to discuss compensation and career prospects since Khan left in the summer, according to people familiar with the matter who asked not to be identified because the details are private. The CEO is paying particular attention to emerging markets such as Brazil, the Middle East and emerging Europe, the people said...

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