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Private Banking
In Private Banking we offer comprehensive advice and a broad range of financial solutions to private, corporate and institutional clients.
Private Banking comprises the Wealth Management Clients and Corporate & Institutional Clients businesses, and had total assets under management of CHF 932.9 billion as of the end of 2010. In Wealth Management Clients, we serve more than two million clients, including ultra-high-networth and high-net-worth individuals around the globe and private clients in Switzerland. Our Corporate & Institutional Clients business serves the needs of over 100,000 corporations and institutions, mainly in Switzerland, and is an important provider of financial products and services.
Wealth Management Clients
Our Wealth Management Clients business is one of the largest in the wealth management industry globally. We offer our clients a distinct value proposition, combining a global reach with a structured advisory process and access to a broad range of sophisticated products and services. We deliver innovative and integrated solutions in close collaboration with Investment Banking and Asset Management. As of the end of 2010, our Wealth Management Clients business had CHF 808.0 billion of assets under management. Our global network comprises 48 countries with 370 office locations, more than 130 outside Switzerland. Wealth Management Clients has 4,200 relationship managers and 24 booking centers, reflecting our multi-shore strategy.
Corporate & Institutional Clients
Our Corporate & Institutional Clients business provides premium advice and solutions across a broad range of banking services, including lending, cash and liquidity management, trade finance, corporate finance, investment solutions, global custody and asset and liability management. Clients include small and medium-sized enterprises, global corporations and commodity traders, banks, insurance companies and Swiss pension funds. As of the end of 2010, the business volume of our Corporate & Institutional Clients business was CHF 235.1 billion, with CHF 182.7 billion of client assets and CHF 52.4 billion of net loans. In Switzerland, we cover large corporations out of four locations and we serve small and medium-sized enterprises through relationship managers based in 36 branches.
Key Data
| in / end of | |||
|---|---|---|---|
| 2010 | 2009 | 2008 | |
Private Banking |
|||
| Net revenues (CHF million) | 11,631 | 11,662 | 12,907 |
| Income before taxes (CHF million) | 3,426 | 3,651 | 3,850 |
| Assets under management (CHF billion) | 932.9 | 914.9 | 788.9 |
| Number of employees | 25,600 | 24,300 | 24,400 |
Secondary Content
Contact
Management
Hans-Ulrich Meister,
CEO Private Banking & Credit Suisse Switzerland