Credit Suisse said today that Peter Weibel is stepping down from its board of directors when the Zurich-listed firm holds its annual general meeting on 27 April.

Weibel has been a member of the board since 2004 and was chairman of the audit committee from 2004 to 2011, Credit Suisse said in its annual report, published today.

In 2011, Credit Suisse's private bank reported income before taxes of SFr2.348 billion ($2.57 billion) and net revenues of SFr10.9 billion. It attracted net new assets of SFr44.5 billion, mainly from emerging markets and the ultra high net worth client segment.

As far as asset growth is concerned at the private bank, Credit Suisse reiterated today that its growth target, over market cycles, is a rate of 6 per cent.

Chief executive Brady Dougan's remuneration fell by more than half in 2012 to SFr5.8 million salary and share-based bonuses, the report showed.