As the 166-year-old Credit Suisse came close to collapse over the past week, its South African-born chief financial officer Dixit Joshi played a pivotal role in trying to save the bank. | News24_Business
that Joshi"determined it was time to put a stop to the frenzy" – and then agreed with fellow executives to get a letter of support from the Swiss regulators and central bank, along with a plan to buy back $3 billion of bonds.
"It was less of an ask than a demand, as it turns out. The only other option was nationalisation," reported Bloomberg. His great-grandfather was a friend of Mahatma Gandhi, who encouraged him to come to South Africa from Gujarat in India in 1904,After graduating with an actuarial degree from the University of Witwatersrand in 1992, Joshi applied for a job at Standard Bank."I'd missed the deadline for the applications, and I phoned them up. They told me not to bother, as I was late. But I insisted on faxing the application through.
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