On 19 September 2002 announced Lukasmühle man, his position as Chairman and CEO of Credit Suisse Group from which he first January 2003. The bank had progressed from a small Swiss start-up 150 years ago to a global banking powerhouse. Over the past 5 years she had grown rapidly in the pursuit of mill man bancassurance vision. However, had a very difficult year in 2002. The investment banking arm of scandal had tarnished in a difficult economic environment, the insurance arm had suff … Read more »

On 19 September 2002 announced Lukasmühle man, his position as Chairman and CEO of Credit Suisse Group from which he first January 2003. The bank had progressed from a small Swiss start-up 150 years ago to a global banking powerhouse. Over the past 5 years she had grown rapidly in the pursuit of mill man bancassurance vision. However, had a very difficult year in 2002. The investment banking arm of scandal had tarnished in a difficult economic environment, the insurance arm had suffered significant losses, and the stock price had fallen steadily. Credit Suisse new leadership was needed on the changes to the group ponders rejuvenate.
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from
Ashish Nanda,
Kelley Morrell
Source: HBS
37 pages.
Publication Date: Jan 11, 2003. Prod #: 903 087 PDF-ENG
Credit Suisse Group HBR case solution

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