The Swiss bank's ex-security chief is mired in an enforcement investigation by Switzerland's financial regulator and one of the planned surveillance operations was reportedly tied to ex-CEO Tidjane Thiam's private life.
Credit Suisse's ex-security chief is one of three individuals subject to an enforcement proceeding by the Zurich-based bank's financial regulator, according to «NZZ am Sonntag» (behind paywall, in German). The former executive's lawyer confirmed the information to «Reuters». It isn't clear who the other two individuals are, nor two people who were reprimanded in writing.
This is one of a glut of media revelations following a regulatory sanction for seven planned surveillance operations of current and former executives. Tidjane Thiam, CEO at the time of the sordid detective saga, was never directly connected to the spying, but was forced out last February.
Romantic Links?
Thiam's long-standing associate, Pierre-Oliviér Bouée, took the blame for directing the surveillance and was sacked for cause. Separately, «SonntagsZeitung» (behind paywall, in German) reported that one of the seven planned schemes targeted the former husband of a woman Thiam was seeing at the time.
The Swiss weekly cites several sources with the information. If true, it would appear evident that Thiam had a hand in the surveillance schemes. The 59-year-old French-Ivorian banker today runs a special purpose acquisition vehicle, or SPAC, together with Adam Gishen, a long-time associate.
