The villa of former Credit Suisse boss Tidjane Thiam in Herrliberg on Lake Zurich has been sold, ending a colorful chapter in its history.
The fashionable villa of former Credit Suisse boss Tidjane Thiam has recently been sold, the «Zurichsee Zeitung» (behind paywall, in German) reported Tuesday evening. The new owner is Zurich-based Birchmeier Invest, part of the Aargau-based Birchmeier Group.
«We are currently evaluating whether to redevelop the villa or demolish it and build something new,» Thomas Prajer, CEO of Birchmeier Invest, told the news outlet. «We are developing land and following the principle of densification,» he said. That means the house, which is said to be in very good condition, could become a multi-party property.
Center of Life Elsewhere
Prajer declined to comment on the purchase price, and the property is currently being rented out on an interim basis. It was speculated that Thiam had paid around 10 million Swiss francs ($10.5 million) for the property, where he lived with his family.
It is now unlikely that Thiam has any further interest in the villa, with his focus shifted towards Paris and London, where he has taken up various directorships, as finews.com has reported on several occasions.
Peace for Iqbal Khan
Peace has also returned to Iqbal Khan, the former Credit Suisse manager who acquired a villa directly next to Thiam's property. When the two alpha animals began to work together at Credit Suisse, an argument broke out at a party in Thiam's house.
Khan handed in his notice some time later and moved to UBS, and triggered a shadowing of Khan during the transition period. When exposed, it led to the involuntary departure of various high-ranking managers at Credit Suisse. Thiam, who claimed to have known nothing about all the surveillance, was able to present himself as blameless in the matter.
But not for long. By spring 2020, he too was gone. The rest is history.
