Fund Management

Credit Suisse Plans Greater Integration

Contributing Editor 25 November 2005

Credit Suisse Plans Greater Integration

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.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes