The former Credit Suisse top executive who was sacked over a botched spy scheme has enlisted with a French consulting firm.
Pierre-Olivier Bouée is hiring on at Capgemini as a global sales officer in the financial services industry for the Paris-based consulting firm, according to his LinkedIn profile. The French banker has been jobless since late December when he was sacked for orchestrating a covert surveillance operation on a former colleague Iqbal Khan.
The move set in train a huge scandal which eventually toppled CEO Tidjane Thiam, a long-time associate of Bouée. The affair continues to dog Credit Suisse, which is in the crosshairs of its regulator, Finma, over the spying. A spokesperson for Capgemini didn't immediately respond to a request for comment on Bouées hire, which was first reported by Swiss finance blog «Inside Paradeplatz» (in German).
Right-Hand CEO Man
Trained as a lawyer, Bouée has not worked in France for more than 15 years. The 49-year-old followed Thiam to British insurer Aviva in 2004 and, four years later, to Prudential PLC, where the French-Ivorian had secured the CEO post.
The duo repeated the Pru pattern five years ago when they joined Credit Suisse together. Known within Credit Suisse as «POB,» Bouée was Thiam's right-hand man, and responsible for executing his boss' vision of the bank's three-year turnaround concluded last year.
Millions Relinquished
At Credit Suisse, Bouée earned a fixed salary of 2 million Swiss francs ($2.1 million) and a bonus of nearly 5 million francs in 2018. He was let go in October, several weeks after a botched private detective scheme surfaced. Twelve weeks and an outside legal investigation later, he was sacked for cause, a move which meant he was forced to forfeit more than $4 million of vested Credit Suisse instruments.
The investigation found Bouée lied about a seemingly unrelated second case of spying, used unofficial chat channels to coordinate, and deleted messages to conceal it. His motivation for doing so remains entirely unclear. Bouée was pondering legal action against Credit Suisse in January, finews.com reported.
