Credit Suisse Group Overview

As Western economies such as the USA and European countries struggle to rebuild their economies after a decade of excess, the world is turning to aspiring economies as a source of sustainable growth. Asia, in particular, has attracted the attention of investors and economists. Its position as the new growth engine of the world economy is one of the most-discussed macroeconomic trends of our times. Credit Suisse has built up a substantial presence in Asia in order to provide investors with the best possible solutions for capturing Asia’s impressive future growth potential.

Credit Suisse plans to increase their presence in Asia region, particularly in China. For this reason, the Group is planning to double China headcount within 5 years, expanding advisory and investment banking. The objective for this is to double the contribution to revenue growth of China and, according to the Asia Chief Executive Officer Helman Sitohang interview, to achieve 100% increase in revenue there.

Credit Suisse wants Asia to make up 25% of group revenue in a couple of years, from 15.7% now. 

For today, Credit Suisse revenue breakdown by business segment represents 25.1% from Global Markets, 26.3% from Swiss Universal Bank, 25.7% from International Wealth Management, 7.3% from Investment banking & Capital Markets, and 15.7% from Asia Pacific.

The Zurich-based bank’s latest earnings point to other successes in its Asia push, with net new assets in the region’s private banking business swelling by 80% in the second quarter amid a trading boom. Wealth and investment banking advisory, the biggest growth areas, both posted record revenue in the first six months, driven by growth in China as markets recovered.

" Looking ahead, our strategic focus is on deepening key client relationships, further growing client assets and recurring revenues, enhancing the benefits from ATS by increasing tailored wealth solutions and platform synergies, maintaining our leading market positions in private banking and investment banking and continuing to enhance our productivity, risk management and controls. "

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