Asia focus fuels growth for Credit Suisse

Singapore

AN "empowered Asia" strategy is paying dividends for Credit Suisse's private banking business in the Asia-Pacific.

Assets under management in 2017 rose 18 per cent to a record 196.8 billion Swiss francs (S$270 billion), and net new assets grew 24 per cent to 16.9 billion Swiss francs. These were achieved on the back of a reduction in the number of relationship managers, and a marked improvement in cost-to-income ratio.