Credit Suisse Targeting for 100 percent Growth in Assets Under Management for Thailand Wealth Management
Credit Suisse(Thailand) has set a 100% growth target for its wealth management business. The company minimum level of assets for customers is $2 million and the average is 5-10 million.
High net worth individuals account for 90% of AUM for the wealth management business. There are around 91,000 high net worth in Thailand with more than $1 million in investable assets.
News Source: Finews Asia
About Credit Suisse
Credit Suisse (NYSE:CS) was founded in 1856 by Alfred Escher, under the name “Schweizerische Kreditanstalt.” The original purpose of the new bank known as SKA was to finance the expansion of the railroad network as well as the further industrialization of Switzerland. Fourteen years later, the bank’s first foreign representative office opened up in New York. In 1905, the bank’s first branch outside Zurich opened in Basel following the acquisition of Oberrheinische Bank. Today, it has a global reach with operations in over 50 countries and 48,200 employees from over 150 different nations. It serves its clients through three regionally focused divisions: Swiss Universal Bank, International Wealth Management and Asia Pacific. These regional businesses are supported by two other divisions specializing in investment banking capabilities: Global Markets and Investment Banking & Capital Markets.
- Origin : Zurich, Switzerland
- Assets : CHF 820.81 billion
- Revenue : CHF 23.38 billion
- Employees : 48,200
Official Website: www.credit-suisse.com
News & Media: Press Release
Updated on 8th August 2016