Credit Suisse Receives License to Establish Philippines Representative Office
Credit Suisse has received a licence from Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP), to establish a representative office in the Philippines for its wealth management business.
” Credit Suisse Receives License to Establish Representative Office in Philippines “
The new representative office in Manila will add to Credit Suisse’s private banking footprint in Asia, with regional hubs in Singapore and Hong Kong, local operations in Australia, Japan, India and Thailan and representative offices in Beijing, Guangzhou, Bangkok and Kuala Lumpur.
In 2017, Michael De Guzman was appointed as Country Manager for Philippines and Head of Philippines Coverage for Investment Banking & Capital Markets. Christian Senn, a 30-year veteran of Credit Suisse’s Private Banking business was also named Market Group Head Philippines for Private Banking Asia Pacific.
Credit Suisse has been a financial advisor to the government and major corporates in the Philippines since 1992, providing financing and advisory services such as capital raising, M&A transactions and structured finance. In 2011, Credit Suisse established an onshore brokerage.
Source: Credit Suisse
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