American International Group (AIG) News

Born in Ivory Coast, raised in Morocco and educated in France, at the elite Ecole Polytechnique, francophone Tidjane Thiam has spent a lifetime defying the odds. Photographer: Simon Dawson/Bloomberg

Tidjane Thiam, Credit Suisse's next CEO: The gnomes of Zurich bet on the man from the Pru

To his family in Africa, he was “l’ultime espoir” — the last hope. Tidjane Thiam, it’s safe to say, didn’t disappoint. Over the past 30 years, Thiam has traced the arc of ambition from his native Ivory Coast to the top of a venerable British insurer, Prudential Plc, sweeping aside the last racial barrier in U.K. boardrooms.

Ivorian Tidjane Thiam lined up to become Credit Suisse's next CEO, in graceful exit from the helm of Prudential

Ivorian Tidjane Thiam lined up to become Credit Suisse's next CEO, becoming 2nd black CEO to lead global bank

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.

Runa Alam, CEO, Development Partners International (DPI)

Africa's opportunities far outweigh its risks: Runa Alam, Co-Founder & CEO, Development Partners International (DPI)

Runa Alam is something of a private equity pioneer. Alam co-founded Development Partners International, which she calls the first pan-African private equity firm, in 2007.

Old Mutual Offices in Sandton, Johannesburg, South Africa

2014 has witnessed a spate of major insurance deals in sub-Saharan Africa

Following are some purchases or expansion plans by South African and European insurers in sub-Saharan Africa announced in the past three months.

Casablanca Finance City (CFC)

Casablanca Finance City: Morocco looks to be financial services gateway to Africa

Morocco aims to establish Casablanca Finance City (CFC) as a gateway for capital inflows to the African market.