Credit Suisse: Old wine in new bottles?

Sad as it is to see a proud Swiss institution (again) unable to find a local candidate to fill the vacancy at the top of the organisation I watch with interest the first pronouncements of its newly-installed CEO. But apart from the unresolved question of whether or not it is wise to combine the business of banking with asset management (there is a strong argument in favour of independent asset managers) it is quite an irony that Credit Suisse is now supposed to find salvation in asset management - after having shed quite a few parts of the business during the past few years. And do the private banking clients really want to be 'cross-sold' the goodies that the investment bankers are 'incentivised' (to put it mildly) to create for them?
Tidjane Thiam may have done a creditable job at Prudential but he was promoted in March 2009, at the very bottom of the bear market. Talking of good timing!