Investment Banking

Credit Suisse cuts CEO Brady Dougan’s pay

Bank announced earlier this month that its long-standing chief executive would be replaced by Prudential's Tidjane Thiam

Brady Dougan
Brady Dougan

Credit Suisse Group on Friday said departing chief executive Brady Dougan received a pay cut for 2014, a year when the Swiss bank struggled to maintain its profit as it was dogged by legal issues.

Zurich-based Credit Suisse said on Friday that Dougan, who has led the bank since 2007 and is due to step aside at the end of June, received Sfr9.7 million ($9.8 million) in total compensation for 2014, compared with Sfr9.79 million in the prior year.

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