Wealth
Credit Suisse Star Khan's Thwarted Ambition Led to Rift With CEO
- Private banking head Iqbal Khan left after talks with rivals
- His unit saw 80% profit growth after meteoric rise to top
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The rift was an open secret for months in the corridors of Credit Suisse Group AG’s imposing central Zurich headquarters before it spilled into the outside world.
Iqbal Khan, a rising star at the bank’s key wealth-management business, abruptly left last week. Seen as a potential successor to Chief Executive Officer Tidjane Thiam, he’d enjoyed a rapid ascent to the highest echelons of the bank, making a name for himself as both an effective people and client manager.