Credit Suisse’s Former CEO Thiam to Start Blank-Check Firm

Ex-Credit Suisse Group Inc. Chief Executive Officer Tidjane Thiam is planning a $250 million vehicle to invest in financial services in developed and emerging markets, according to a person with knowledge of the matter.

The special purpose acquisition vehicle will be listed in New York, according to the person, who asked not to be identified because the matter is private. JPMorgan Chase & Co. is helping with the fundraising, the person said.

Tidjane Thiam

Photographer: Simon Dawson/Bloomberg

Special purpose acquisition vehicles, generally known as blank check companies, pool funds to finance merger and acquisition opportunities. Prominent investors, buyout shops and even celebrities have been ...