Page 10 - AI MAG NEW TEST EXPORT
P. 10
IN MARCH 2019, THIAM DETAILED A NEW PROFITABILITY
TRACK FOR THE COMPANY BY STATING:
Credit Suisse is now focusing primarily on asset
management and business in Asia. The change in course
is paying off: In the first half of 2018, the bank achieved a
We’ve been cleaning up a lot of pre-tax profit of CHF 2.1 billion, which corresponds to an
undesirable trades that we should increase of CHF 850 million. In addition, the bank was able
not have done... There’s no way to to attract new funds amounting to CHF 24 billion.
clean up the past, given the legacy
we have, without generating losses.
We have profitable operations of the
company.
Thiam was appointed the
Chief Executive Officer (CEO)
of Swiss investment bank and
financial services company,
Credit Suisse Group AG on 10
March 2015. An hour after his
appointment was announced,
the company stock increased
by 7.5%. During his first two
Trade has to be changed years, he led the bank through
and be a platform to create a restructuring process cutting
jobs, to make sure the costs and jobs.
world understands each
other and make sure that
trade is an opportunity for
everyone.
