8070 Zurich Switzerland
NY Office: 11 Madison Ave.
New York, NY 10010
CEO: Brady Dougan
Based in Switzerland, Credit Suisse is
one of the world's leading banks, Credit Suisse provides its
clients with investment banking, private banking and asset management
Founded in 1856, Credit Suisse has a long
tradition of meeting the complex financial needs of a wide range
of clients, offering advisory services, comprehensive solutions
and innovative products to companies, institutional clients and
high-net-worth private clients globally, as well as retail clients
The company has offices in 50 countries.
In Investment Banking, Credit Suisse offers
securities products and financial advisory services to corporations,
governments and institutional investors. Operating in 57 locations
across 26 countries, Credit Suisse's investment banking business
specializes in innovative solutions, drawing on expertise from
across the full spectrum of products: debt and equity underwriting,
sales and trading, mergers and acquisitions, investment research,
correspondent and prime brokerage services.
In Private Banking, Credit Suisse provides
comprehensive advice and a broad range of investment products
and services tailored to the complex needs of high-net-worth
individuals globally. Credit Suisse's structured advisory process
encompasses both asset and liability management. Furthermore,
Credit Suisse is a leading provider of innovative alternative
investment products. Wealth management solutions include tax
planning; pension planning; life insurance solutions; wealth
and inheritance advice, trusts and foundations. Credit Suisse
offers multiple booking platforms and global execution capabilities.
In Switzerland, Credit Suisse supplies banking products and services
to private banking clients as well as to business and retail
Credit Suisse's asset management business
manages portfolios, mutual funds, and other investment vehicles
for a broad spectrum of clients globally ranging from governments,
institutions and corporations to private individuals. It offers
investment products across the full spectrum of asset classes,
ranging from equities, fixed income, commodities and multiple-asset
class products. Credit Suisse offers the full range of alternative
investments including real estate, hedge funds, private equity
and volatility management.
Net revenues for Credit Suisse increased
3% in 2007 to CHF (Swiss Francs) 36.130 billion in 2007. Net
income in 2007 was CHF 8.54 billion.
Credit Suisse announced in December it will cut 5,300 jobs after reporting a loss of $3 billion francs in the fourth quarter. The investment banking division is expected to see large cuts especially in the U.S.
Suisse (CS) founded in Zurich as Schweizerische Kreditanstalt
1932 The First Boston Corporation established as a subsidiary
of The First National Bank of Boston
1940 First branch of CS outside Switzerland (New York)
1978 First cooperation between CS and The First Boston
1988 CS acquires controlling stake in The First Boston
1993 Takeover of Volksbank
1996 CS Holding becomes Credit Suisse Group as a holding
company of Credit Suisse and Credit Suisse First Boston
2006 Launch of Credit Suisse as an integrated global bank