Tidjane Thiam

Businessman

Birthday July 29, 1962

Birth Sign Leo

Birthplace Abidjan, Ivory Coast

Age 61 years old

Nationality Cote d'Ivoire

#53415 Most Popular

1947

His father, Amadou Thiam, a journalist, was born in Senegal and emigrated to Côte d'Ivoire in 1947.

He supported Houphouet-Boigny in his fight for the independence of the country and served more than ten years in the Ivorian cabinet after independence.

Tidjane's uncle, Habib Thiam, was Prime Minister of Senegal for more than 10 years and also served as President of the National Assembly.

1962

Tidjane Thiam (born 29 July 1962) is an Ivorian and French businessman, and the executive chairman of Freedom Acquisition Corp. He was the chief executive officer (CEO) of Swiss bank Credit Suisse from March 2015 to February 2020.

Thiam was born in the Ivory Coast (Côte d'Ivoire) on 29 July 1962.

He is a descendant of two prominent families from Senegal and Ivory Coast.

On his mother's side, he is a descendant of Queen Yamousso, after whom the capital of Côte d'Ivoire, Yamoussoukro, is named.

Thiam's mother, Marietou, was the niece of Chief Félix Houphouët-Boigny, the founder and first President of Côte d'Ivoire.

1982

In 1982 Thiam was the first Ivorian to pass the entrance examination to the École Polytechnique in Paris.

1984

In 1984, he graduated from the École Polytechnique and in 1986 from the École Nationale Supérieure des Mines de Paris where he was top of his class.

1986

He studied advanced mathematics and physics in France before joining the management consultants McKinsey & Company in 1986, where he worked until 1994.

In 1986 he was offered a scholarship to study for an MBA at INSEAD and join the McKinsey Fellows Programme' in Paris.

1988

He received an MBA from INSEAD in 1988 (Dean's list).

1989

In 1989 he took a one-year sabbatical from McKinsey to participate in the World Bank's Young Professionals Program in Washington, D.C. He returned to McKinsey in 1990, working first in New York City and then in Paris.

1993

In December 1993, the first Ivorian President, Félix Houphouët-Boigny, died and was replaced by Henri Konan Bédié.

1994

From 1994 to 1999 he worked in the Ivory Coast first as chief executive of the National Bureau for Technical Studies (BNETD).

In April 1994, at the request of the new president, Thiam left France and McKinsey to go back to Abidjan and become the CEO of the National Bureau for Technical Studies and Development (BNETD), an infrastructure development and economic advisory body with more than 4,000 staff, reporting directly to the President and the Prime Minister.

In that role, which had cabinet rank, he was also handling key negotiations with the International Monetary Fund and the World Bank.

Thiam was also a key member of the Privatization Committee, in charge of privatising extensive state-owned assets.

Thiam actively promoted an extensive privatisation programme which saw, between 1994 and 1999, Côte d'Ivoire lead African countries by privatising its telephone, services, electric power generation, airports, railways and many companies in the agricultural sector.

1998

In August 1998, in addition to his role at the BNETD, where he became chairman, Thiam formally joined the cabinet and was appointed Minister of Planning and Development.

In his years in Côte d'Ivoire, Thiam promoted private sector involvement in infrastructure development.

In 1998, the World Economic Forum in Davos named him as one of the annual 100 Global Leaders for Tomorrow, and in 1999 the Forum named him a member of the Dream Cabinet.

1999

Following the 1999 Ivorian coup d'état, he resumed a private sector career and rejoined McKinsey in Paris from 2000 to 2002, then worked as a senior executive for Aviva before being recruited by Prudential.

He implemented flagship projects including the Azito power plant (nominated by the Financial Times as one of the boldest successful investment decisions in the world ), the renovation of Abidjan airport and the construction of the Riviera Marcory toll bridge, whose financing was closed a few days before the 1999 coup.

In December 1999, whilst Thiam was abroad, the Ivorian military seized control of the government.

Thiam returned to the country, where he was arrested and held for several weeks.

2000

General Guéï, the new head of state, offered him the position of chief of staff, but he declined and left the country in early 2000.

On returning to Europe, Thiam was offered a partnership by McKinsey in Paris, becoming one of the leaders of the company's financial institutions practice.

2002

In 2002 he joined Aviva, initially as group strategy and development director, then as managing director of Aviva International, chief executive of Aviva Europe and an executive director, sitting on the plc board.

2007

He was the chief financial officer of British banking group Prudential from 2007 to 2009, and then its CEO until 2015.

In January 2007, after Richard Harvey announced he would step down as chief executive of Aviva, Thiam was tipped as a possible future head of the group.

Thiam left Aviva in September 2007 to become chief financial officer of Prudential plc.

2009

In March 2009, Thiam was named chief executive, effective from October, after Mark Tucker chose to step down.

The appointment made him the first African to lead a FTSE 100 listed company.

2011

One of the first actions of the new president, Alassane Ouattara, in 2011 was to start the construction of that bridge as originally overseen by Thiam, with the same promoters.

2015

His departure from the role was announced on 10 March 2015.

2019

In 2019, Thiam became a member of the International Olympic Committee (IOC).

Born into a prominent political family in the Ivory Coast, he holds dual Ivorian and French nationality.

2020

In 2020, Thiam was appointed by the shareholders of the Kering Foundation to become part of the board of directors, as well as to take the position as Chair of the Audit Committee.