Categories: Market

What does Credit Suisse President do behind Elon Musk?

The world is watching breathlessly as France and Argentina put on an unbeatable finale in terms of drama. The only thing that makes the Gauchos world champions is penalty shootouts and makes Lionel Messi (35) a legend.

Another focus of attention is Elon Musk (51) at the VIP booth of the Lusail Stadium in Doha. Photos of Tesla’s founder taking selfies have traveled the world. However, a prominent Swiss can be seen in the background, as mindful Twitter users have noticed: Credit Suisse Chairman Axel Lehmann (63).

Despite the ongoing crisis at his bank, Lehmann insisted on watching the World Cup final in Doha live at the stadium.

CS has confirmed its president’s trip, but is unwilling to comment further. The question also remains unanswered whether Lehmann is in Qatar as a private person or as a representative of CS, whether the top banker pays for the trip himself, or whether the entertainment belongs to CS’ expense account.

At Emir’s invitation

But solid sources say that Lehmann’s visit was at the invitation of the Qatari government. This explanation is very logical. Finally, the Emir of Qatar, Sheikh Tamim bin Hamad al-Thani, 42, has a stake in CS through the state wealth fund. The Qataris, who own a five percent stake, are one of the most important owners of the large Swiss bank.

Despite this close connection, CS has always been cautious in connection with the desert World Cup. For example, CS, the main sponsor of the Swiss national football team for 30 years, has decided not to run a separate World Cup campaign. Most likely due to reputational risks.

The head of the big bank, on the other hand, does not seem to have any reservations about contacting the sheikhs.

Thomas Schlittler
Source :Blick

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