ZURICH — Credit Suisse's incoming chief executive, Thomas Gottstein, plans to put Switzerland's second-biggest bank on a growth offensive following predecessor Tidjane Thiam's cost-cutting exercise, he told Reuters on Friday. "Cost discipline in our industry has been and will continue to be very important. At the same time, I think we are in a better position than at any time in the last few years to also have meaningful balance sheet growth," Gottstein said in an interview. Gottstein, now the head of Credit Suisse's Swiss business, was appointed CEO on Friday after a damaging spying scandal forced out Thiam. The departure, scheduled for Feb. 14, ends a conflict between Chairman Urs Rohner and ex-Prudential boss Thiam after revelations the bank snooped on executives, triggering questions over its culture and management.

Source: New York Times February 07, 2020 13:52 UTC