Credit Suisse reportedly hired a private investigator to follow a top banker after he left to join rival Swiss bank UBS.
top shareholder is throwing its support behind the bank as its team of executives faces an uncertain future following the surveillance of former top banker Iqbal Khan.
"We are fully supportive of CS's management actions taking any legal steps necessary to protect the company and think it would be damaging to CS and its stakeholders to lose any member of senior management over this issue," Harris Associates deputy chairman David Herro toldThe futures of top Credit Suisse executives including CEO Tidjane Thiam are coming into question as law firm Homburger completes its inquiry into the situation.
, Urs Rohner, the chairman of the bank's board, is expected to move quickly to take punitive action against Credit Suisse's senior management if they're found responsible for the surveillance. hired a private investigator to follow Khan after he joined rival firm UBS. Khan reportedly left the firm due to disagreements with Thiam.
The ex-CEO of Credit Suisse's International Wealth Management unit noticed he was being followed while driving in Zurich with his wife last week. Khan took photos of the passengers in the vehicle, which led to a physical altercation as the pursuers attempted to take his phone and the photos he took, according to
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