Credit Suisse Again Lays Spy Blame on Former Chief Operating Officer

Bank says Pierre-Olivier Bouée ordered a third party to spy on then executive board member

香蕉视频苹果下载 Credit Suisse Group AG Monday confirmed a second episode of the bank’s spying on senior executives this year, deepening scrutiny of the Swiss bank’s surveillance practices and decision-making by top management.

In a statement, the bank blamed former Chief Operating Officer Pierre-Olivier Bouée for ordering a third party to spy onPeter Goerke in February. Soon after he was tailed, Mr. Goerke was removed from the bank’s executive board and gave up his job as global head of human resources to become a senior adviser.

Credit Suisse directors consider the surveillance “unacceptable and completely inappropriate,” the bank said. It said there was no evidence the bank’s CEO or directors had any role in, or knowledge of, the surveillance. Mr. Georke, who remains at Credit Suisse, didn’t comment when reached by phone Monday. Mr. Bouée, who left the bank in October, couldn’t be reached.

A longtime confidant of Credit Suisse Chief Executive Tidjane Thiam, Mr. Bouée resigned after Credit Suisse named him as responsible for spying on former wealth-management head Iqbal Khan in September.

The bank said that based on new information, it is terminating Mr. Bouée’s employment agreement for cause.

To Read the Full Story

Continue reading your article with
a WSJ membership