Alexander Gut, a candidate for the board at Credit Suisse, has a rather famous father, research by finews.asia revealed.
Alexander Gut, who is likely to be elected to the board of directors of Credit Suisse (CS) on April 29, 2016, is the son of Rainer E. Gut, honorary chairman of CS and an undisputed doyen of Swiss banking. A CS spokesman confirmed the report.
Alexander Gut is a financial auditor and carries a PhD in economics acquired at the University of Zurich. From 1991 to 2007, he worked for KPMG in Zurich and London as well as Ernst & Young Zurich as a bank auditor and transaction adviser for the financial services industry.
Gut Corporate Finance
Since 2007, Alexander Gut is a managing partner at Gut Corporate Finance, an independent consultancy in corporate finance. He is a non-executive board member at Adecco, LafargeHolcim and SIHAG, a holding company.
Rainer E. Gut, 83, is one of the biggest names in Swiss banking. He played a decisive role at Schweizerische Kreditanstalt (SKA) and later CS, but also in Swiss business at large. He started his career at Swiss Bank Corporation (which later was merged into UBS), leaving in the 1960s, because he wasn't promoted as he had hoped for.
Nestle, Swiss Re, Novartis
In 1971, after a stint at Lazard Frères in New York, he joined as president and CEO the Swiss American Corporation in New York, a U.S. holding company of SKA. In 1973 he became a member of the executive board and acted as spokesman of SKA starting in 1977. In 1982, he took over as president.
In 1983, Gut (pictured above) was elected to the board of directors of CS and became chairman in 1986. He is the honorary chairman since 2000. Gut was also chairman of Nestle and held memberships on the boards of Alusuisse, Bayer, Swiss Re, Swissair, Daimler Chrysler Switzerland, Ciba Geigy/Novartis and Elektrowatt.
In his time, he was one of the most influential managers in Swiss business. Since 1957, he's been married to Josephine Lorenz. He has four children and lives in Bassersdorf, close to Zurich Airport.
