Credit Suisse wants to provide ultra-high net worth individuals with customized services and products through access to its investment bank ...

Credit Suisse wants to provide ultra-high net worth individuals with customized services and products through access to its investment bank and asset management businesses, according to a presentation to investors by its chief financial officer, Renato Fassbind. Mr Fassbind said the private bank has witnessed double-digit growth in AUMs in its private banking business in all “target regions” during the first nine months of 2005. The bank had recruited more than 200 international relationship managers since January 2004 and headcount was continuing to grow at a fast pace. Mr Fassbind made his presentation at the Sal Oppenheim Financial Conference in Zurich. He said the bank had reiterated its financial target of SFr8 billion ($6 billion) in net profit by 2007.