Credit Suisse Asia-Pac staying focused on clients
With strong revenue, its private banking arm is hiring more, mulling over onshore Asian expansion
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CREDIT SUISSE Asia Pacific's private banking arm hopes to ride on momentum after posting record net revenue in 2016 that has outpaced the competition, said its top executive. And this comes even as the bank wants to be clearer on businesses that it would be happy to give to other banks with a different risk appetite.
"We have started the year pretty strong," said Francesco de Ferrari, Credit Suisse's head of private banking Asia-Pacific and CEO of South-east Asia and frontier markets, in an interview with The Business Times. "The more markets-savvy clients placed big bets right after Donald Trump was elected. Just because of campaign rhetoric, how much he was focusing on US, and US growth."
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