McKinsey alumnus Tidjane Thiam CEO Credit Suisse

15 April 2015 Consultancy.uk

Swiss headquartered financial services group Credit Suisse has appointed former McKinsey & Company consultant Tidjane Thiam as its new CEO. Thiam succeeds Brady Dougan.

Tidjane Thiam was born in the Ivory Coast in 1962. At twenty he started studying in Paris, where he graduated top of his class. During his MBA-study at INSEAD he was accepted into McKinsey’s Fellows Programme in Paris. In 1988 he received his MBA, and thereafter he took part in the World Bank's Young Professionals Program in Washington, D.C., after which he started working for McKinsey & Company as a consultant – first in New York and then in Paris.

Tidjane Thiam - Credit Suisse

Coup d'etat?
On invitation from the president of the Ivory Coast, Thiam returned to the Ivory Coast in the 90s, where he took up the role of Minister of Planning and Development for a number of years. In 1999 there was a coup d'etat and he was held prisoner for a short time. Refusing to work for the new head of state, Guéï, he left for Europe in 2000. With his return to Europe, Thiam was offered a partnership at McKinsey & Company, which saw him take on a leading role in the Financial Service practice at the consultancy firm. Subsequently he worked for at Aviva, a British insurer, and from 2007 at rival Prudential, where he was started as CFO and quickly became CEO. Last month it was announced he would leave the role of CEO at Prudential, and it has now been disclosed he will be stepping over to the Swiss banking giant Credit Suisse.

Credit Suisse - Office

Credit Suisse
Thiam, now 52, takes over from Brady Dougan who has lead the bank for eight years. Dougan pulled the bank through the worst of the crisis, however, in 2012 the bank was finally drawn into legal issues after it was found to have sold risky mortgage products in the US without sufficiently disclosing their risk profile. Due to the alleged misleading of its clients, Credit Suisse has an $11.2 billion fine hanging over their heads. It is now the task of Thiam to see the bank through the turbulent times of the legal proceedings. 

In 2014 the bank was fined following a lawsuit in US. Credit Suisse was implicated in having helped Americans evade taxes and settled for $2.5 billion with the tax authorities. The current case surrounding the misleading of risks on mortgage products sold to clients has however, not yet been settled.

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Rapid growth sees Quantum Advisory promote trio of partners

18 April 2019 Consultancy.uk

Three senior level consultants have been boosted to the rank of Partner at Quantum Advisory, as the firm works to meet heightened levels of client demand. Aled Edwards, Amanda Burdge and Chris Heirene become Partners as long-time Quantum member Rob Davies retires in May after 15 years as a Partner at the firm.

Founded in 2000, Quantum Advisory provides pension and employee benefits services to employers, scheme trustees and members, with five offices across the UK. The firm has enjoyed exponential growth in recent years, following a number of major client wins and booming demand for its services. It opened a new office in Bristol in 2016 to service the South West and in 2017 relocated its Cardiff office to a larger site within the Welsh capital to house the increased workforce. More recently, Quantum relocated its Amersham, Birmingham and London offices to more spacious premises in the centre of both cities to cope with demand.

The financial services consultancy, which employs 115 people across the UK, has promoted three senior team members to Partner, as part of its wider growth plans. The firm has moved Aled Edwards from Principal Consultant & Actuary, while Amanda Burdge has ascended from Principal Investment Consultant. Chris Heirene, former IT Manager, has also joined the ten current Partners at Quantum.

Aled Edwards most recently managed the actuarial team within Quantum’s Cardiff office as well as providing technical training for all staff. He boasts more than 17 years of pensions experience. He started his career as an Actuary at Jardine Lloyd Thompson’s Bristol wing, before joining Quantum in 2011. Edwards is also the President of the Welsh Actuarial Society (WAS), which supports actuaries and actuarial students living or working in Wales.

Rapid growth sees Quantum Advisory promote trio of Partners

Amanda Burdge joined Quantum’s team in 2001, as one of the fledgling firm’s first employees. Most recently she was a Principal Investment Consultant with the firm, and with more than a quarter of a century’s experience in the sector, she is responsible for providing investment advice to many of Quantum’s key clients with both defined benefit and defined contribution schemes. Prior to her time with Quantum, Burdge spent two years as a consultant with SBJ Benefit Consultants (now Capita), and three years with Tesco Pension Trustees. She currently sits on the Regulation Committee for the Pensions Management Institute.

Chris Heirene initially worked with Quantum as an IT Consultant with Teamwork Technology Services and then UES for over five years, before finally joining the firm itself in 2011. He is now responsible for Quantum’s IT systems across all of its offices, including the network and core server infrastructure which supports the business. Heirene is heavily involved in utilising IT to improve and build upon the processes in place throughout Quantum.

David Deidun, Partner at Quantum Advisory, said of the promotions, “This is a very exciting time for Quantum. The recent round of promotions fully recognise the hard work and dedication shown by the three, all of whom go above and beyond for the company. I’ve no doubt that Aled, Amanda and Chris will settle into their new roles with ease and look forward to working together to grow Quantum even further.”

The news comes as Rob Davies retires in May, after spending fifteen years as a Partner at Quantum. A qualified actuary, Davies was instrumental in setting up Quantum’s Investment Division, specialising in aiding clients with their investment strategies. He will remain with the company on a part-time consultancy basis, while working with several clients in the Fiduciary Manager area.