Hong Kong/London (CNN Business) Credit Suisse CEO Tidjane Thiam has resigned after acknowledging that two spying scandals last year had "disturbed" the Swiss bank. Credit Suisse CS The board of directors unanimously accepted Thiam's resignation at a meeting on Thursday, appointingveteran Thomas Gottstein as the new CEO, the Swiss investment bank said in a statement Friday. Khan had defected to crosstown rival UBS andBouée reportedly feared that he might try to poach Credit Suisse employees and clients. More recently, he was blamed for ordering a spying operation on Credit Suisse's former head of human resources for several days last February. It undoubtedly disturbed Credit Suisse and caused anxiety and hurt.

Source: CNN February 07, 2020 07:27 UTC