The services of the much sought-after Ivorian banker, Tidjane Thiam has been hired by Rwanda to help boost Kigali’s financial sector.
Mr. Thiam has been appointed Chairman of the Board of Directors of Rwanda Finance Limited, the government agency responsible for the development and promotion of the Kigali International Financial Centre (KIFC).
The KIFC as a body is a world-class financial center established to promote foreign investment and also create highly skilled jobs in finance for the benefit of Rwanda and the African continent.
Mr. Thiam has accumulated a wealth of experience in his field of work making the demand for his service very high across the world.
He served as the chief executive officer of Swiss bank Credit Suisse from March 2015 to February 2020; records have it that, during his first two years of working with Credit Suisse. He took the bank from losses amounting to 2.3 billion euros to an annual pre-tax profit of 4.4 billion euros, giving the bank the best growth in a decade. Earlier this year, he was forced to resign by the board, after a surveillance scandal but Mr. Thiam denied to have any prior knowledge of the espionage game
Among many other international roles, the well-experienced banker also served as the chief financial officer for British banking group Prudential from 2007 to 2009; he later became CEO of same group until 2013.
Apart from the international experience, he rendered loads of services to his country of birth, Ivory Coast and the continent as a whole. In 1994, Thiam left France to Abidjan to head the National Bureau for Technical Studies and Development (BNETD) at the request of the then President Henri Konan Bédié, he serves in the Africa Progress Panel (APP), a group of ten distinguished individuals who advocate at the highest levels for equitable and sustainable development in Africa.
His service as a banker won him several distinguished awards; In July 2018, business and finance magazine Euromoney named him Banker of the Year with reference to how he transformed Credit Suisse; he was equally ranked number one in both 2010 and 2011 by the annual publication the Powerlist, which ranks the 100 most influential Africans in the UK. Mr. Thiam has won many other awards and is also part of many prominent development oriented associations.
According to reports, since his resignation from Credit Suisse, top multi-million international organizations and countries sought for his service, a few of which he considered but decided finally to work for his continent – Rwanda for that matter.
His appointment was signed by Rwandan Prime Minister Edouard Ngirente at the end of a cabinet meeting chaired by Head of State Paul Kagame on Wednesday, 11 November, at Village Urugwiro, headquarters of the Rwandan presidency.