BUZZ-Credit Suisse Group AG: Poaches Prudential's Thiam for Asia push
(Corrects to add dropped word in fourth bullet)
** Credit Suisse U.S.-listed shares up 6.7 pct at $25.11, on track for best day in a month
** Prudential (SES: K6S.SI - news) 's U.S. shares down 2.3 pct at $49.27, on track for biggest drop in two months
** Nearly 400,000 Credit Suisse (NYSE: CS - news) shares traded on NYSE, more than their 50-day average price
** Swiss bank poaches Prudential's Tidjane Thiam as new CEO to push into wealth management, especially in Asia
** Thiam replaces Brady Dougan, seen to have failed in reforming bank fast enough and who faced calls to quit last year
** "Thiam's background in insurance and asset management suggests Credit Suisse's focus is moving increasingly away from investment banking," said a UK-based fund manager
** CS up nearly 8 pct in Switzerland, helping European shares limit losses
** Prudential's 2 pct fall in London pegs back Britain's FTSE 100
** Breakingviews-Credit Suisse finds CEO industry fears - but needs
** Breakingviews-Next Prudential chief's job harder than it looks