Credit Suisse Private Banking (CSGN) : Company Profile and SWOT Analysis by WealthInsightReports


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									Credit Suisse Private Banking


Credit Suisse Private Banking                                                      Key Employees
                                                                                   Name                     Job Title
Fast Facts
                                                                                   Brady W. Dougan          Chief Executive Officer
Headquarters Address                    Paradeplatz 8, Zurich, 8070,Switzerland
                                                                                                            Chief Executive Officer -
Telephone                               + 41 44 2121616                                                     Credit Suisse Switzerland,
                                                                                                            Member - Executive
Fax                                     + 41 44 3332587                                                     Boards of Credit Suisse
                                                                                   Hans-Ulrich Meister      Group AG and Credit
                                                                                       Suisse AG, Co-Head -
Website                                                   Private Banking and
                                                                                                            Wealth Management
                                        CS (New York Stock Exchange)CSGN                                    Division – Credit Suisse
Ticker Symbol, Stock Exchange
                                        (Swiss Exchange)                                                    Chief Executive Officer -
Number of Employees                     3,910                                                               Private Banking Americas,
                                                                                                            Member - Executive Board
Fiscal Year End                         December
                                                                                   Robert Shafir            – Credit Suisse Group,
                                                                                                            Co-Head - Private Banking
                                                                                                            and Wealth Management
Revenue (in US$ million)                8,608
                                                                                                            Division – Credit Suisse
                                                                                   Urs Rohner               Chairperson

                                                                                   Company Overview
SWOT Analysis
                                                                                   Credit Suisse Private Banking is the private
Strengths                               Weaknesses
                                                                                   banking and wealth management division of the
Integration of private banking,                                                    Swiss banking giant Credit Suisse. The private
investment banking and wealth           Fee-based business model                   banking division of Credit Suisse comprises
management operations                                                              Wealth Management Clients business offering
                                                                                   wealth management services such as advisory
Leading market position                 Fines imposed by financial regulators
                                                                                   services,    asset     management       services,
                                        Poor financial performance during the      investment consulting, asset management,
Strong productivity in FY2011                                                      discretionary mandate, investments in equities,
                                                                                   fixed income securities, mutual funds, structured
Opportunities                           Threats                                    products, real estate funds and private equity
                                                                                   funds to private individuals. Credit Suisse
Expansion in Asia-Pacific, Africa,      Agreement between the US
                                                                                   Private Banking had CHF798.5 billion in assets
Americas and the Middle East            government and Credit Suisse Group
                                                                                   under management (AuM) as on December 31,
Growth prospects in emerging markets Fluctuations in foreign exchange rate         2012. The company had historical AuM figures
                                                                                   of CHF750.2 billion as on December 31, 2011,
Increase in the number of HNWIs                                                    which stood at CHF808.0 billion as on
                                        Fluctuations in interest rates
globally                                                                           December 31, 2010 and CHF802.8 billion as on
Split up of the Credit Suisse’s Europe,                                            December 31, 2009. It operates through 360
the Middle East and Africa (EMEA)       Increase in compliance costs               offices across 46 countries across the globe.
Private Banking operations                                                         Credit Suisse Private Bank is headquartered in
                                        Intense competition in the wealth          Zurich, Switzerland.
                                        management market

                                                                                   Key Competitors
                                                                                   Banque Cantonale du Jura SA (Ticker: BCJ)
                                                                                   Deutsche Bank Private Wealth Management (Ticker:
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