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High-profile CEO of global financial services company

Meet Brady W Dougan- the eminent CEO of a leading Swiss multinational financial services company headquartered in Zurich

Born in 1959, Brady W Dougan is an American businessman and is currently the Chief Executive Officer of Credit Suisse since May 2007. 

Family life and education

Brady Dougan was born into a middle class family in the mid-Western state of Illionois. Later his father, a railroad dispatcher shifted the family to a small town in the coal mining belt of Chicago when Brady was seven. Mr. Dougan has served on the Executive board since 2003. Mr. Dougan holds a B.A. in Economics in 1981 from the University of Chicago and also secured a degree in M.B.A in Finance in 1982 from the University Of Chicago Booth School Of Business. Even before Mr. Dougan graduated, he was working a part time job in the banking sector. After he left the university, he joined the investment banking team in Bankers Trust Corporation. By the time he was 24, he had been moved to London and from there onto Tokyo where he built the company’s bond underwriting division. He is reported to have learned to speak Japanese within a year, a remarkable achievement in itself.

Career highlights

Brady held the position of CEO of the Credit Suisse Investment Bank and its predecessor company Credit Suisse First Boston from July 2004 before assuming his current responsibilities in May 2007.  Mr. Dougan is currently the Chief Executive Officer of Credit Suisse Group and Credit Suisse. He is also a member of the Executive Boards of Credit Suisse Group and Credit Suisse. He has also served as the CEO of Credit Suisse Americas, with oversight of asset management, private banking and private banking. Mr. Dougan started his career in the Derivatives group at Bankers Trust Company and also joined Credit Suisse First Boston in 1990. He was named as the head of equities division in 1996 and Global Head of Securities in 2001. From 2002 to July 2004, he served as Co-President of Institutional Services until his appointment to the role of CEO of the investment bank in 2004.

Credit Suisse’s Brady Dougan tops investment bank pay charts

In 2010, the chief executive of Credit Suisse secured $17.9 million in 2009 which has made him the best paid head of investment bank. Mr. Dougan saw his total pay increase seven-fold last year as a result of the bank’s return to profit. He was paid a base salary of $1.16 million while the remaining bonus fell due through long-dated deferred shares and options which could increase or decrease depending on the bank’s performance.

Famous quotes by Mr. Brady W. Dougan

“This is an area where we should really dominate. There’s probably more derivatives talent here than anywhere else on Wall Street.”

We clearly still have some work to do and fair gaps to compensate. We see some progress in 2006, but this will be multiyear progress.”

The First Boston brand has a lot of history and it’s a great name. Going to one name is going to help us to run a very integrated business.”

M&A has historically been part of the DNA of this place, and we clearly would like to be a top-five player. We’re planning to grow the business.”

“I think it is an industry where the sky is the limit. You can really move as quickly as you want and you can accomplish whatever you want.”

“It is a great business for people with fresh minds who come in and think about it in a different way because it is so dynamic.”

Glance at the Swiss multinational financial services company

Credit Suisse Group is a Swiss multinational financial services company based in Zurich. It has more than 250 branches in Switzerland and operations in over more than 50 countries. The company is also the sixth largest wealth management companies in the world in terms of assets under management with $612 billion.  The Swiss company advises corporations on mergers and acquisitions, manages assets for institutional investors and also engages in long-term and short-term investments. Credit Suisse operates in business segments such as private banking, investment banking and asset management. The investment banking provides a range of financial products and services, with a focus on businesses that are client-driven, flow-based and capital-efficient. Asset management offers products across a range of asset classes, including alternative investments.

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