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Credit Suisse chief Thiam faces spy scandal fallout without trusted adviser

Tidjane Thiam leans heavily on a close inner circle to enforce and execute strategy at Switzerland’s second-biggest bank

Credit Suisse CEO Tidjane Thiam
Credit Suisse CEO Tidjane Thiam Photo: Getty Images

Tidjane Thiam arrived at Credit Suisse in 2015 and quickly established a tight inner circle of trusted lieutenants as he set about trying to revive the ailing Swiss lender.

Now, in quick succession, two from the cadre are gone—the wealth-management chief whose July departure triggered Credit Suisse to spy on him, and the chief operating officer who resigned this week because of the ensuing scandal.

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