Credit Suisse Hiring Private Bankers in Saudi Arabia
Credit Suisse is planning to hire more private bankers in Saudi Arabia. This comes after the bank formed a platform allowing it to offer private banking services and products in the country.
“continues to seek a banking license for Saudi Arabia.”
The Swiss lender is among global banks seeking to profit from an expected surge in private wealth in Saudi Arabia. Credit Suisse continues to seek a banking license for Saudi Arabia that would allow it to open branches in the kingdom.
News Source: Bloomberg
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