Credit Suisse reportedly had a top banker followed by detectives before he joined rival firm UBS
- Credit Suisse hired detectives to follow its former top banker Iqbal Khan ahead of his departure to rival firm UBS, Bloomberg reported.
- Khan noticed he was being tailed while driving with his wife last week, and photographed the car following him. The pursuit turned physical after the unidentified followers tried to take Khan's phone from him.
- Khan served as CEO of Credit Suisse's lucrative International Wealth Management business, and left the bank in July after disagreements with its current CEO Tidjane Thiam.
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The pursuit led to a physical altercation in Zurich when the pursuers attempted to take Khan's phone and the photos he took, people familiar with the events told Bloomberg.
Khan's previous employer sought to find whether the private banker was convincing other ex-Credit Suisse staff to join him in moving to UBS, the report found. Khan is on leave from Credit Suisse before starting his new role as UBS's co-head of wealth management October 1.Read more: 'You could have a massive profit over the short term': Billionaire Bond King Jeff Gundlach shares a surprising strategy for taking advantage of an interest rate increase
The dramatic events followed Khan's unexpected exit from Credit Suisse after disagreements with CEO Tidjane Thiam in July. Khan quickly rose through the Swiss bank's ranks and was viewed by some as a potential successor to Thiam.Three men were arrested after the pursuit and Khan's complaint to Zurich law enforcement. An investigation into the events is ongoing.Now read more markets coverage from Markets Insider and Business Insider:Advertisement
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