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Credit Suisse Probe Homing in on Role of Thiam Confidant

  • Bank’s board set to meet early next week to decide on action
  • Top shareholder has expressed support for bank’s management
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Credit Suisse Investigation Said to Home In on COO Bouee
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Credit Suisse Group AG investigators are homing in on the role of Chief Operating Officer Pierre-Olivier Bouee in the run up to a vital board decision on who should take responsibility for a botched spying scandal, according to a person familiar with the matter.

The investigation shows that Bouee -- a close confidante of Chief Executive Officer Tidjane Thiam -- was involved in authorizing the surveillance of former executive Iqbal Khan, the person said, asking not to be identified because the probe is private. While it’s not clear who else might have signed off on the spying, the board is leaning toward sparing Thiam’s job after a top shareholder expressed support for the lender’s senior executives, the person said.