A MERGING of advisory and discretionary portfolio services into a single portfolio solutions team appears to have found traction among Credit Suisse clients.
Net new sales for both advisory and discretionary mandates rose 200 per cent in the first six months of the year, compared to the same period previously. Assets under management (AUM) under both mandates rose 50 per cent.
Tan Wei Mei, Credit Suisse head of portfolio solutions (Asia Pacific), says the growth is underpinned by clients' search for solutions that can help them navigate volatility and provide stable long-term performance.
"I have seen that over the past one year the ongoing interaction with clients has increased, and that has helped...
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