Former Credit Suisse boss Tidjane Thiam took a 15 percent pay cut in his final year in the job, as he took responsibility for a spying scandal which rocked the bank.

Mr Thiam’s 2019 pay packet amounted to CHF 10.7 million, compared to CHF 12.6 million in 2018.

Kai Nargolwala, chairman of Credit Suisse’s remuneration committee, said Mr Thiam had been treated as a “good leaver” given there was no evidence of his participation in the surveillance scandal, in which the bank admitted two former senior staff had been spie...