Tidjane Thiam, the current chief executive of Britain’s Prudential insurance group, has been lined up to replace Brady Dougan at the helm of Credit Suisse, according to people briefed on the plan.
Mr Thiam, who has led the Pru since 2009, previously worked at fellow insurer Aviva and before that as a management consultant at McKinsey. The Ivory Coast-born executive has not worked in banking, but is one of the most respected figures in the City of London.
An announcement could come as early as Tuesday morning, according to those briefed on the plan.
Trading of shares in the Pru was suspended on Tuesday in Hong Kong ahead of an announcement related to “inside information”, the insurer said.
Read more: Thiam lined up to head Credit Suisse – FT.com.