Credit Suisse Group is a is a Swiss multinational financial service holding company. Credit Suisse Private Banking is a leading global private bank and wealth manager with distinctive investment banking capabilities.
It was founded in 1856 by Alfred Escher under the name Schweizerische Credits in order to fund the development of Switzerland’s rail system.
The company operates through three regionally focused divisions: Swiss Universal Bank, International Wealth market, and the Asia Pacific.
Credit Suisse operations in more than 50 countries. It presently has above 47,000 employees from over 150 different nations of the world.
The group was ranked 461 on the Forbes global 2000 2016 list. As of May 2016, Credit Suisse Group boasted of the market capitalization of $30.3 Billion and assets worth $819.99 Billion.
- Products and Services
- Private Banking and Asset Management
- Investment Banking
- Cardless Cash
- Mergers and Acquisitions
- Bank’s Website
Credit Suisse Group was founded in 1856 by Alfred Escher the prominent politician, business leader, and pioneer.
The company was founded under the name Schweizerische Kreditans to finance the expansion of the railroad as well as further industrialization in Switzerland.
Credit Suisse played a substantial role in the economic development of Switzerland, helping the country develop its currency system, funding entrepreneurs and investing in the Gotthard railway, which connected Switzerland to the European rail system in 1882.
The Initial stock of the company was issued with a value of three million francs, but within just three days the total value of subscriptions amounted to 218 million francs. The bank was a huge success from its foundation.
In 1942, the bank opened its first international branch in New York City. The bank signed a partnership agreement with The First Boston Corporation in the U.S., in 1978 acquiring a controlling stake in the firm 10 years later, after which the bank was renamed Credit Suisse First Boston.
In 2006, Credit Suisse Group rebranded to create an “integrated bank,” and its investment bank dropped the First Boston affiliation and became known as simply Credit Suisse.
Products and Services of Credit Suisse
Credit Suisse serves its diverse clients through its three divisions – Private Banking, Investment Banking, and Asset Management – which cooperates closely to provide holistic financial solutions based on superior products and specially tailored advice.
The company offers a range of advice and financial solutions, including structured advisory; investment advice; wealth and asset management; fixed income products and instruments; securitized products; M&A transactions; corporate sales and restructurings; divestitures; takeover defense strategies; equity and debt underwritings; equity and fixed income sales; debt and equity securities; private placements; and trading services, as well as derivative products.
It also offers various banking services, such as lending, payment, capital goods leasing, syndications and structured finance, trade finance, ship, and aviation finance, export finance and factoring, treasury, and foreign exchange services, as well as fund solutions and fund-linked services.
In addition, the company provides global securities sales, trading and execution, prime brokerage, and investment research services; and investment solutions and services to pension funds, foundations and endowments, and individuals.
Credit Suisse Private Banking and Asset Management Segment of Credit Suisse
Wealth Management & Private Banking offering of needed financial advice and a wide range of financial solutions to private, corporate and institutional clients.
The Private Banking & Wealth Management of the bank sector covers the Wealth Management Clients, Corporate As well as Institutional Clients and Asset Management businesses.
The Credit Suisse Wealth Management Clients business serves ultra-high-net-worth, the well-to-dos, and high-net-worth individuals around the world. This includes the affluent and retail customers in Switzerland.
Our Corporate & Institutional Clients business serves the needs of big industries, corporations, and institutional clients, mostly those in Switzerland.
Asset Management offers a wide range of investment products and solutions across diverse asset classes and investment styles, serving governments, institutions, corporations, and individuals worldwide.
Investment Banking and Credit Suisse Private Banking
The Investment Banking arm of the bank provides a broad range of financial products and services, including global securities sales, prime brokerage, and capital raising services, trading and execution, corporate advisory and comprehensive investment research. It is mainly focused on businesses that are client-driven, flow-based and capital-efficient.
Clients include governments, institutional investors, corporations, including pension funds and hedge funds, and private individuals around the globe. Credit Suisse delivers its investment banking capabilities through regional and local teams based in major global financial centers.
Strongly ran in Credit Suisse’s integrated banking model. The Investment Banking sector of credit Suisse works closely with Wealth Management & Private Banking to provide clients with Personalized financial solutions.
Credit Suisse Private Banking Switzerland app came with Cardless as its new function in the Credit Suisse Private Banking Switzerland app. This app allows users to make free cash withdrawals and deposits at most Credit Suisse and Neue Aargauer Bank ATMs.
The “Cash transactions” function can be called up through the Credit Suisse Private Banking Switzerland app and a program QR code produced.
This can be stored on a Smartphone, printed or sent electronically, for example via email or MMS to another recipient. Withdrawals/deposits can be made at an ATM with a QR code reader – simply hold the QR code below the reader and make your withdrawal or deposit.
Mergers and Acquisitions
1987 – Credit Suisse Group acquired the blue-chip London stockbrokers Buckmaster & Moore
1990 – The bank acquired Bank Leu
1993 – The bank acquired a controlling stake in Swiss Volksbank
1997 – The bank merged with Winterthur Group
1999 – The bank acquired the asset management division of Warburg, Pincus & Co.
2000 – The bank acquired Donaldson, Lufkin & Jenrette
Major Countries That Credit Suisse Operates In
|Credit Suisse Czech Republic||Credit Suisse Finland|
|Credit Suisse France||Credit Suisse Germany|
|Credit Suisse Gibraltar||Credit Suisse Greece|
|Credit Suisse Guernsey`||Credit Suisse Hungary|
|Credit Suisse Iceland||Credit Suisse Ireland|
|Credit Suisse Switzerland||Credit Suisse Austria|
|Credit Suisse Egypt||Credit Suisse Bahrain|
|Credit Suisse Israel||Credit Suisse Italy|
|Credit Suisse Lebanon||Credit Suisse Liechtenstein|
|Credit Suisse Luxembourg||Credit Suisse Monaco|
|Credit Suisse Netherlands||Credit Suisse Norway|
|Credit Suisse Poland||Credit Suisse Portugal|
|Credit Suisse Qatar||Credit Suisse Russia|
|Credit Suisse Saudi Arabia||Credit Suisse South Africa|
|Credit Suisse Spain||Credit Suisse Sweden|
|Credit Suisse Turkey||Credit Suisse United Kingdom|
|Credit Suisse United Arab Emirates||Credit Suisse Australia|
|Credit Suisse China||Credit Suisse Hong Kong|
|Credit Suisse India||Credit Suisse Indonesia|
|Credit Suisse Japan||Credit Suisse Malaysia|
|Credit Suisse Philippines||Credit Suisse Singapore|
|Credit Suisse South Korea||Credit Suisse Taiwan|
|Credit Suisse Thailand||Credit Suisse Bahamas|
|Credit Suisse Brazil||Credit Suisse Canada|
|Credit Suisse Chile||Credit Suisse Colombia|
|Credit Suisse Mexico||Credit Suisse Peru|
|Credit Suisse Uruguay|