(no subject)

He was more drunk, standing with us, when walked past...

March 10, 2015 10:17 am

New Credit Suisse boss has plenty of challenges in his in-tray

Martin Arnold

The image shows the exterior of a Credit Suisse building with the Swiss flag flying above it. The text indicates that Tidjane Thiam was unveiled as the new boss of Credit Suisse.

Tidjane Thiam described Credit Suisse as "an exceptional business" with "a solid strategy and strong momentum" when the Prudential chief executive was unveiled as the Swiss bank's new boss on Tuesday morning.

But once the 52-year-old takes over from Brady Dougan at Credit Suisse in June, he will face a string of challenges to reverse the relative underperformance of the bank in recent

years. A 7 per cent jump in the lender's shares on Tuesday shows that investors are optimistic he is up to the job. Here are the main issues awaiting Mr Thiam.