The Swiss and Canadian businesses are joining forces to drive growth in Canada.

Credit Suisse Asset Management has teamed up with Canaccord Genuity Wealth Management in Canada as part of its growth drive in the country.

As part of the deal, Canaccord Genuity Wealth Management will provide high net worth clients with investment tools and exclusive access to the CSAM capital discipline strategies in Canada. Their investment advisors will be able to use the CSAM-licensed portfolio navigator tool to evaluate clients' risks and objectives when customizing investment portfolios.

The partnership will also include client workshops and events as well as advisor professional development.

“Canaccord Genuity Wealth Management is an ideal strategic partner for CSAM as we expand our business in the Canadian market,” said Ed Soltys, head of Americas third-party distribution at CSAM.

“In an industry filled with commoditized investment solutions, we are committed to providing bespoke solutions for each client. As a leading independent wealth management firm, we have a strong focus on delivering truly global investment opportunities to the Canadian high net worth market,” said Stuart Raftus, president of Canaccord Genuity Wealth Management in Canada. 

CSAM manages around $325 billion in investor assets and the strategies that are now available through Canaccord Genuity Wealth Management have outperformed their respective benchmarks since inception, it said.

The move comes after Credit Suisse unveiled sweeping organizational changes last year including scaling back its private banking brokerage business in the US, which it said wasn’t positioned to compete in scale without significant investment or by acquisition.