Ex-Pru chief Thiam eyes acquisitions in new Credit Suisse role

Credit Suisse's new chief executive Tidjane Thiam has suggested the bank is considering acquiring smaller asset managers.

Tidjane Thiam (pictured) discussed his plans to expand the bank's asset management arm and said that acquisition could be a route to doing so, the Financial Times reports. Thiam, who joined the company from Prudential at the beginning of the month, reportedly made the remarks during conversations with the bank's top 20 investors. The move chimes with Thiam's experiences at Prudential. During his tenure there he rapidly grew the business, despite a failed bid for Asian peer AIA months after he took over in 2010. At the time, Thiam himself was censured by the FSA (now FCA) over the d...