“We are looking to grow this business significantly and hiring even more people. Over the last six months, a total of 10 bankers from outside and inside the bank have been appointed to our UHNW businesses in the UK and Scandinavia. We are talking to other potential external hires who I hope will join us,” Haimes said.

“The markets have stabilised since the financial crisis and we see a slightly increased risk appetite from our clients. Credit Suisse is uniquely positioned to meet the changing needs of our clients and help them capitalise on the global yield and growth opportunities,” he said.

Credit Suisse has repeatedly made a point about its “one bank” philosophy, tying together the private, investment banking and commercial banking units, although major banks, such as its rival, UBS, have also sought to cut risk exposures in the investment banking side, including heavy cost cuts.

“The 'one-bank' ethos at Credit Suisse is part of our DNA and can be seen through our nearly 100-employee strong team called Solution Partners. This team sits between the investment bank and private bank, ensuring that all of our clients’ needs from wealth management to M&A to other special solutions are taken care of by the people who know the client best. Our UHNW clients' own companies, start companies, own multiple homes in countries around the world and they want their bank to be able to service all those needs and have someone who can navigate the bank for them,” he said.

The new recruits to the CS offering have long-standing experience in dealing with the multitude of organisations that go under the “family office” designation and are used to the range and sophistication of such clients’ needs, added Haimes.