SUBSCRIBERS
Merged portfolio strategy pays off for Credit Suisse
Net sales for both advisory and discretionary mandates up 200% in H1.
Add BT as a preferred source
Genevieve Cua
Published Tue, Sep 22, 2015 · 09:50 PM
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.
Copyright SPH Media. All rights reserved.
