Company name: Credit Suisse
Founder: Alfred Escher and Allgemeine Deutsche Credit-Anstalt
Total Assets: CHF 787.295 billion
Revenue: CHF 22.48 billion
Net Income: CHF 3.419 billion
Headquarter: Paradeplatz 8 Zürich, Switzerland
Industry: Financial Service
Number of employees: 47,860
Credit Suisse Group is one of the world’s largest financial services providers. It offers customers expertise within the areas of private banking, investment banking, and asset management.
It operates through the following segments: Swiss Universal Bank; International Wealth Management; Asia Pacific; Global Markets; and Investment Banking and Capital Markets. The Swiss Universal Bank segment offers complete advice and financial answers to private, corporate, and institutional customers in Switzerland. The International Wealth Management phase offers advisory offerings, and tailored funding and financing solutions to wealthy private clients and external asset managers in Europe, the Middle East, Africa, and Latin America.
In 2015, Credit Suisse appointed Tidjane Thiam as its new CEO, replacing Brady Dougan. Tidjane Thiam had maximum recently served as Prudential Plc CEO. Soon after becoming a member of the corporation, Thiam announced a strategic shift and added a 3-12 months restructuring plan to scale again certain trading groups and recognition on Credit Suisse’s wealth management business, its funding banking capabilities, and its presence in its home market of Switzerland.
Today, Credit Suisse has operations in over 50 countries and more than 46,840 personnel from over 150 different nations. The bank serves its customers through three regionally focused wealth management divisions: Swiss Universal Bank, International Wealth Management, and the Asia Pacific. These regional corporations are complemented by way of Global Markets and Investment Banking & Capital Markets, divisions specializing in investment banking capabilities.
All 5 divisions work closely collectively to provide financial solutions to customers. The divisions are supported by means of various corporate functions, which provide centralized company services and enterprise support, as well as put in force control techniques to help operate the bank on a day by day basis.
Credit Suisse’s history dates back to 1856; nearly a century later, as World War II raged in Europe, the bank opened its first worldwide branch, in New York City in 1942. In 1978, the financial institution started a partnership with The First Boston Corporation in the U.S., obtaining a controlling stake inside the organization 10 years later and renaming itself Credit Suisse First Boston. In 2006, the corporation rebranded to create an “integrated financial institution,” and its investment bank dropped the First Boston association and became referred to as genuinely Credit Suisse.
Unlike a lot of its competitors, Credit Suisse stayed out of negative headlines at some stage in the worldwide credit disaster and did not require government investment to live afloat. In fact, the company emerged as one of the handfuls of massive banks incredibly unscathed by means of the disaster.
More lately, in 2016, the bank was named Best M&A House in EMEA via EMEA Finance in addition to Best Private Banking Asia by means of Asian Private Banker. In 2017, it becomes named Best Investment Bank in numerous international locations by means of Euromoney, and great M&A residence in EMEA via the EMEA Finance Achievement Awards. In 2018, Euromoney named Credit Suisse CEO Tidjane Thiam the Banker of the Year and Credit Suisse the Best Emerging Market Investment Bank worldwide. Euromoney additionally named Credit Suisse the Best Investment Bank in Switzerland, Asia’s Best Investment Bank, Indonesia’s Best Investment Bank, Pakistan’s Best Investment Bank, Thailand’s Best Investment Bank, and Vietnam’s Best Investment Bank.