According to recent reports in the local media, the expansion of Credit Suisse into the wealth management market in Spain has continued wit...

According to recent reports in the local media, the expansion of Credit Suisse into the wealth management market in Spain has continued with the taking on of two senior staff from BNP Paribas and Banco Santander to work in its asset management business. Javier Alonso will be deputy at Credit Suisse Gestión, led by Gabriel Ximénez de Embun. Mr Alonso was in charge of the top investment advisor team at BNP Paribas. The fixed income management team has been strengthened with the appointment of Alba Gutiérrez from Banco Santander. The reports also refers to other high-profile hires in wealth management made by Credit Suisse in Spain in 2006, in Valencia and Barcelona in particular. Credit Suisse has approximately 2,000 private banking clients and €3.25 billion ($4.20 billion) in assets under management in Spain.