{UAH} Credit Suisse Names Thiam Chief Executive to Replace Dougan - Bloomberg Business
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4:10 PM |
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The switch puts an Ivory Coast-born French national, who has spent the past decade running insurance businesses, atop Switzerland's second-biggest lender.
Thiam, 52, has run Britain's largest insurer by market value since 2009, almost tripling its stock price while successfully focusing on Asia to boost profit. Prudential's Mike Wells, the head of its U.S. Jackson National Life unit, will succeed Thiam this year, Sky News said.
Thiam joined Prudential from U.K. insurer Aviva Plc, where he led the European unit. In 2012, he turned down an offer to become head of the World Bank's private investment arm, despite a personal request from U.S. President Barack Obama's then-chief of staff, Jacob Lew, the Telegraph reported at the time. Lew is now Treasury secretary.
From 1994 to 1998, he was head of the National Bureau for Technical Studies and Development in the Ivory Coast. He was appointed minister of planning and development before leaving the country after the December 1999 military coup.
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