He «inherited» the job from Tidjane Thiam, and now Credit Suisse boss Thomas Gottstein needs to maneuver the bank in a tricky market environment. He has outlined how. Asia plays a key role.
Slash spending and keep growing: that's the outline of new Credit Suisse boss Thomas Gottstein's plan for Credit Suisse, he tells Swiss weekly «SonntagsZeitung» (behind paywall, in German).
«The major growth prospects are in Asia and in emerging markets. That's where we want to grow at least as fast as the market, or faster,» he said. In more mature markets – Switzerland and Europe – Credit Suisse wants to win market share, Gottstein noted.
Emotional Moment
The new CEO said he is convinced that consolidation among finance players will continue. Credit Suisse is well-positioned to acquire teams or for dealmaking, said Gottstein, who spent the bulk of his career in investment banking.
The Swiss banker said his appointment was an emotional moment for him. «Everyone [top management] assured me that they support me.» The fact that he is now in the limelight? «We simply have to deliver,» Gottstein said.
