No not LKY but Tidjane Thiam who FT reports got a 36% pay rise to £11.8m in his previous job at Prudential.
Thiam was born in Ivory Coast in 1962. His mother was the niece of Ivory Coast’s first president, while his uncle on his father side is Habib Thiam, who was president of Senegal for 10 years.
Thiam himself worked in the Ivorian government from 1994 to 1999, working as the head of the National Bureau of the Technical Studies and Development and a personal economic adviser to Ivorian president Henri Bédié.
When he became minister he was not paid for six months (as was everyone else in the ministry: there was a financial crisis) and a military coup meant he wasn’t paid. He ended up in prison for a few months He left his country with nothing except his brains and a good name: for example the World Economic Forum named him one of the 100 Global Leaders for Tomorrow.
More on him from sometime back
RISK EXPERT TO LEAD CREDIT SUISSE Shareholders responded positively on Tuesday after Credit Suisse announced that Tidjane Thiam, the chief executive of the British insurer Prudential, would succeed Brady W. Dougan as chief executive, Jenny Anderson reports in DealBook. Shares of Prudential slumped 2.6 percent, while shares of Credit Suisse closed up 6.7 percent. The positive reaction reflects the rise of Mr. Thiam’s reputation in London financial circles and expectations that he will change the course of the Swiss bank, which in recent years has had large legal expenses, largely as a result of its role in helping Americans evade taxes.
Mr. Thiam, an African francophone, has never worked for an investment bank, though he has completed stints at McKinsey, the World Bank and two insurance companies since 2009. And while it remains to be seen whether someone with virtually no banking experience can turn around one of the world’s biggest banks, the need for a leader with Mr. Thiam’s skills and knowledge “speaks volumes about the state of global banking today,” Ms. Anderson writes. “More and more, regulation is pushing banking to be more like insurance: cautious and focused on costs and the allocation of capital.”
In interviews on Tuesday, Mr. Thiam played down his lack of experiencein investment banking. “If you talk about investment banking, Prudential has an $800 billion balance sheet, and we deal with exactly the same issues, whether it’s interest rates or markets,” he was quoted as saying on Bloomberg Television. “There is a lot of overlap.” Still, his lack of ties to the investment bank could mean he will be able to make cuts that Mr. Dougan may have been reluctant to make, Ms. Anderson writes. The change at Credit Suisse will be effective in June.