Rainer Gut

Rainer Emil Gut colloquially Rainer E. Gut (24 September 1932 – 11 October 2023) was a Swiss banker and executive who most prominently served as Chairman of Credit Suisse (formerly SKA). His net worth was estimated at $140 million (2023) by Bilanz magazine. Gut was born 24 September 1932 in Baar near Zug, Switzerland, the fourth of five children, to Emil Gut (1896–1967), a bank director, and Rosa Gut (née Müller). His siblings were; Beatrice Gasser (née Gut), Esther Wettach (née Gut), Günther Gut and Firmin Gut. He attended schools in Zug, London, and Paris. In 1968 he became a general partner at Lazard Frères & Co., New York 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). From 2000 to 2005, he served as chairman of Nestlé S.A.. He held directorships with several international corporations, including Alusuisse, Bayer, Swiss Re, Swissair, Daimler Chrysler Switzerland, Ciba Geigy/Novartis, Elektrowatt, and Sulzer.