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Credit Suisse's Thiam Seeks to Reassure Shareholders at AGM

  • CEO insists his plan, while painful, is only path to success
  • Thiam was speaking at first annual meeting with shareholders
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Chief Executive Officer Tidjane Thiam sought to convince shareholders that his strategy for turning around Credit Suisse Group AG will succeed while acknowledging the plan is still very much a work in progress.

“We are building our platform for the future,” Thiam told shareholders in Zurich on Friday. “That can seem like a tough task, and one that rarely wins many plaudits in the short term, but it is the only path that will lead to success in the long term.”