Senior Credit Suisse Exec Quits After Spying Scandal Probe

Law360, London (October 1, 2019, 12:26 PM BST) -- Credit Suisse’s chief operating officer resigned on Tuesday after an internal probe found he hired private detectives to spy on a former senior executive, who had left to join rival lender UBS.

The Swiss bank announced that Pierre-Olivier Bouée has left with immediate effect after an internal investigation revealed he ordered the company’s head of global security services to track Iqbal Khan after he left the lender in July. Credit Suisse said the revelations, which include reports of an apparent suicide, have caused it "severe reputational damage."

The internal investigation, carried out by Swiss law firm Homburger AG, found that Bouée...

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