Credit Suisse Appoints Sacha Eugster as Private Banking Market Leader for Philippines
17th November 2021 | Singapore
Credit Suisse, the Swiss banking group with more than $1.75 trillion managed assets (CHF 1.59 trillion), has appointed Team Leader Sacha Eugster as Private Banking Market Leader for Philippines, with effect from 3rd January 2022. Based in Singapore, Sacha Eugster will continue to report to Marcus Slöör, who is the Private Banking Market Group Head of Philippines. Sacha Eugster is a veteran banker with 2 decades of wealth management experience, having joined Credit Suisse in 2003 in various roles within the COO function (Chief Operating Officer). After 11 years at Credit Suisse, Sacha Eugster took on the role of Head of the Singapore Booking Center, before moving to a Team Leader role for the Philippines Market in 2016 managing the Singapore-based team.
“ Credit Suisse Appoints Sacha Eugster as Private Banking Market Leader for Philippines Market “
Marcus Slöör, Credit Suisse Market Group Head Philippines:
“Our Private Banking franchise in the Philippines has maintained a steady growth momentum in recent years and to position ourselves for the next phase of growth, we are strengthening our management team by appointing a new Market Leader in Sacha Eugster to deepen our expertise in this exciting market.
With this appointment, we are in an excellent position to expand our business and to leverage the opportunities in the Philippines market.”
Credit Suisse, $1.75 Trillion AUM
In 2021 Q1, Credit Suisse reported total AUM of $1.75 trillion (CHF 1.59 trillion). Credit Suisse has 3 main business groups: Swiss Universal Bank, International Wealth Management (Private Banking) and Asia Pacific. The 3 business groups are supported by Credit Suisse Investment Bank. (AUM ~ Assets under Management)
For Asia Pacific, Credit Suisse reported CHF 241.9 billion AUM with 630 Relationship Managers in 2021 Q1.
Credit Suisse Assets under Management (AUM):
- Swiss Universal Bank – Private Clients: CHF 213.1 billion
- Swiss Universal Bank – Corporate & Institutions: CHF 487 billion
- International Wealth Management – Private Bank: CHF 386.2 billion
- International Wealth Management – Asset Management: CHF 458 billion
- Asia Pacific: CHF 241.9 billion
- Total: CHF 1.59 trillion / $1.75 trillion
(Net CHF 1.59 trillion AUM after reducing CHF 190.2 billion from assets managed by Credit Suisse Asset Management within International Wealth Management)
Credit Suisse Growing Fast in Asia
Credit Suisse continues to grow in Asia, and focusing on accelerating growth in North Asia including China. In Q1 2021, Credit Suisse hired 30 Private Bankers in Asia-Pacific.
Credit Suisse APAC reporting highlights for 1Q 2021:
- CS APAC delivered record net revenue and adjusted pre-tax income (PTI
- APAC regional revenue +39% YoY and 20% of Group revenue
- Client Business Volume at $419 billion
- APAC division pre-tax income more than doubled YOY
- Net New Assets $5.4 billion in 2021 Q1
Credit Suisse:
- Credit Suisse Merges Global Wealth Management & Private Banking
- Credit Suisse Pays $475 Million Fines to US & UK Authorities to Resolve Charges for Africa Bond Offerings
- Credit Suisse Grows Thailand Private Banking Team with 3 New Hires, 2nd Largest Economy in Southeast Asia with $500 Billion GDP
- Credit Suisse Strengthens North Asia Private Banking Team, Appoints 5 New Team Leaders
- Credit Suisse Senior Appointments & New Hires for Investment Banking & Capital Markets in APAC, Christian Deiss as Head of M&A APAC
- Credit Suisse Appoints Head of Family Office Services APAC Thomas Ang as Head of Wealth Planning APAC
- Credit Suisse Strengthens Investment Team, Hires Matthew Peh as Team Head of Emerging Asia & UHNW Investment Consulting
- Credit Suisse Strengthens Investment Team, Chatkaew Groatong as Head of Private Funds & Russell Huang as Managed Solutions Specialist
- Credit Suisse Report: Archegos Family Office Had $120 Billion Total Exposure
- Credit Suisse Hires Stella Lau as Private Bank Market Leader for Greater China, Adds 5 Senior Private Bankers
- Credit Suisse Hires Nicole Dunn as Private Banking Team Leader in Australia, 1.8 Million HNWs in Australia
- Credit Suisse Appoints Shirley Law as Private Bank Market Leader for Singapore, 270000 HNWIs in Singapore
- Credit Suisse Appoints Joyce Low as Market Leader Malaysia, To Maintain Leading Position
- Credit Suisse Hires Malcolm Tay as Deputy Group Head & Market Leader for Indonesia, Accomplished Banker with Stellar Reputation
- Credit Suisse Private Bank Expands in Greater China, Appoints John Huang as New Greater China Market Leader
- Credit Suisse Private Bank Appoints Tammy Tan as Team Leader for Thailand & Vietnam
- Credit Suisse Appoints Alois Müller as Head of Private & Alternative Markets APAC, Target $7.8 Billion Assets Yearly
- Credit Suisse Appoints Lock Keng Cheong as Market Group Head Greater China, Adds 6 Private Bankers & Advisors
- Credit Suisse Appoints Dominique Boer as Market Group Head Singapore, Adds 7 Private Bankers & Advisors
- Credit Suisse, UBS, Nomura, MUFJ and Morgan Stanley Losses for Archegos Family Office Nears $10 Billion
- Credit Suisse Raises $1.92 Billion in Capital, $5.5 billion Losses from Archegos Family Office
- Credit Suisse and Nomura in $6 Billion Hit by Bill Hwang Archegos Family Office
- Credit Suisse Global Wealth Report 2021
- Credit Suisse Global Wealth Report 2020
More:
- 2020 List of International Private Banks in Hong Kong
- 2020 List of International Private Banks in Singapore
- 2020 Top 10 Largest Family Office in the World
- 2020 Top 10 Largest Multi-Family Offices in the World
Credit Suisse
Credit Suisse is one of the world’s leading financial services providers. Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland.
Credit Suisse employs approximately 49,090 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York.
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