Rainer Emil Gut (born 24 September 1932,

Baar, Switzerland Baar () is a municipality in the canton of Zug in Switzerland. History Baar is first mentioned in 1045 as ''Barra''. Geography Baar has an area, , of . Of this area, 51% is used for agricultural purposes, while 25% is forested. Of the rest ...

) is a Swiss bank manager.

Life

Rainer E. Gut was born in 1932, the son of bank director Emil and Rosa Gut née Müller. He attended schools in

Zug Zug (Standard German: , Alemannic German: ; french: Zoug it, Zugo rm, Zug New Latin: ''Tugium'')named in the 16th century is the largest town and capital of the Swiss canton of Zug in Switzerland. Its name originates from the fishing vocabulary ...

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

and

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. ...

. In 1968 he became General Partner at

Lazard Lazard Ltd (formerly known as Lazard Frères & Co.) is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's lar ...

Frères & Co.,

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

and in 1971 President and CEO of Swiss American Corporation in New York, a U.S. investment banking subsidiary of the then SKA (Schweizerische Kreditanstalt, now Credit Suisse). In 1973 he was a member of the Executive Board and from 1977 he acted as spokesman for " Schweizerische Kreditanstalt" (SKA), of which he became chairman in 1982. From 1983 to 2000 he was chairman of the Board of Directors of SKA and Credit Suisse respectively, and between 1986 and 2000 also chairman of the Board of Directors of Credit Suisse Group (formerly CS Holding - renamed as of 1 January 1997). From 2000 to 2005, he served as Chairman of

Nestlé Nestlé S.A. (; ; ) is a Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest publicly held food company in the world, measured by revenue and other metrics, sin ...

S.A.. He has held several directorships with international corporations, including

Alusuisse Alusuisse was a Swiss industrial group founded as ''Aluminium Industrie Aktien'' in 1898 in Zurich, Switzerland. The organisation was named ''Schweizerische Aluminium AG'' from 1963, ''Alusuisse-Lonza Holding AG'' from 1990, and ''Algroup'' from 19 ...

Bayer Bayer AG (, commonly pronounced ; ) is a German multinational pharmaceutical and biotechnology company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include pharmaceutica ...

Swiss Re Swiss Reinsurance Company Ltd,
Swiss Re. Retrieved on 18 January 2011. "Swiss Reinsurance Company Ltd ("Swiss Re") ...

Swissair Swissair AG/ S.A. ( German: Schweizerische Luftverkehr-AG; French: S.A. Suisse pour la Navigation Aérienne) was the national airline of Switzerland between its founding in 1931 and bankruptcy in 2002. It was formed from a merger between B ...

Daimler Chrysler The Mercedes-Benz Group AG (previously named Daimler-Benz, DaimlerChrysler and Daimler) is a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufactur ...

Switzerland,

Ciba Geigy Novartis AG is a Swiss-American multinational pharmaceutical corporation based in Basel, Switzerland and Cambridge, Massachusetts, United States (global research).name="novartis.com">https://www.novartis.com/research-development/research-loc ...

Novartis Novartis AG is a Swiss-American multinational pharmaceutical corporation based in Basel, Switzerland and Cambridge, Massachusetts, United States (global research).name="novartis.com">https://www.novartis.com/research-development/research-loc ...

, Elektrowatt, Sulzer. Gut has been Honorary Chairman of Credit Suisse Group from 2000 until 2023. Under Gut's leadership, SKA developed into a leading international financial services group (CSG) with a focus on

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with ...

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

and

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

. In the

Holocaust The Holocaust, also known as the Shoah, was the genocide of European Jews during World War II. Between 1941 and 1945, Nazi Germany and its collaborators systematically murdered some six million Jews across German-occupied Europe; ...

debate of the 1990s about dormant assets, he was committed to the creation of a humanitarian fund by the Swiss business community. Thanks in large part to Gut, the settlement between the Swiss banks and the Jewish plaintiffs in New York was reached in 1998. Gut has been married to Josephine Lorenz since 1957 and has four children (one of them Alexander Gut). Rainer E. Gut lived in

Bassersdorf Bassersdorf ( High Alemannic: ''Baserschtoorff'') is a municipality in the Swiss canton of Zürich, located in the district of Bülach, and belongs to the Glatt Valley (German: ''Glattal''). History The name, mentioned in 1155 as ''Bazzelsto ...

for several decades starting in 1973; today he lives in Maur. His wealth was estimated at CHF 125 million by the business magazine

Bilanz ''Bilanz'' is a German language biweekly business magazine published in Zurich, Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal instit ...

in 2019.

Literature

Rainer E. Gut

Historical Dictionary of Switzerland The ''Historical Dictionary of Switzerland'' is an encyclopedia on the history of Switzerland that aims to take into account the results of modern historical research in a manner accessible to a broader audience. The encyclopedia is publish ...

Vorabdruck Rainer E. Gut: Swiss-Geburtshelfer wider Willen

Handelszeitung The ''Handelszeitung'' is a German-language Swiss weekly newspaper. The paper was established in 1861 being the oldest business newspaper in Switzerland. It is controlled by Axel Springer Schweiz AG Axel Springer SE () is a German digital an ...

Zürich , neighboring_municipalities = Adliswil, Dübendorf, Fällanden, Kilchberg, Maur, Oberengstringen, Opfikon, Regensdorf, Rümlang, Schlieren, Stallikon, Uitikon, Urdorf, Wallisellen, Zollikon , twintowns = Kunming, San Francisco Zürich () i ...

2003,
Vorabdruck Rainer E. Gut, Teil 2: Abenteuer First Boston

2003,
Vorabdruck Rainer E. Gut, Teil 3: Meister des Networking

2003,
Rainer E. Gut die kritische Größe
(Memento of 19 October 2007 in the Internet Archive)

Neue Zürcher Zeitung The ''Neue Zürcher Zeitung'' (''NZZ''; "New Journal of Zürich") is a Swiss, German-language daily newspaper, published by NZZ Mediengruppe in Zürich. The paper was founded in 1780. It was described as having a reputation as a high-quality ...

(NZZ)

References

External links

Publications by and about Rainer E. Gut

Swiss National Library The Swiss National Library (german: Schweizerische Nationalbibliothek, french: Bibliothèque nationale suisse, it, Biblioteca nazionale svizzera, rm, Biblioteca naziunala svizra) is the national library of Switzerland. Part of the Federal Offic ...

Rainer E. Gut Honorary Chairman of Credit Suisse Group
on the

Credit Suisse Credit Suisse Group AG is a global Investment banking, investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all Financial centre, major financial centers around the w ...

website
Interview from the year2007: Die Familie kam immer zuerst
(Memento of 29 September 2007 in the Internet Archive) Dorfblitz, 2007
Mann des Monats: Machtmensch, Weltbürger, Stratege: Rainer E. Gut ist der wichtigste Schweizer Wirtschaftsführer.

2003 {{DEFAULTSORT:Gut, Rainer Emil Credit Suisse people Bank presidents and chief executive officers 1932 births Living people