Credit Suisse recorded CHF7.3bn ($7.3bn) of
net new money inflows into its Swiss wealth management business in
the nine months to the end of September.
Hans-Ulrich Meister, chief executive of Credit Suisse’s
Swiss business, said in a presentation that its wealth management
business made up 60% of total net income in Switzerland for the
nine months to September, equivalent to CHF3.8bn.
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The investment banking segment accounted for
11% of the net income in the first nine months of fiscal 2010.
The Zurich-based bank has more than 20,000
staff providing services for about 2m private clients and 100,000
institutional clients. It has 1.3m private clients with assets of
up to CHF1m.
The bank said that as part of its strategy to
provide better customer service, it will invest in educating more
staff in advisory services.
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