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Credit Suisse wins top honours again at Australian Private Banking

For the third year in a row, Credit Suisse has been named as the most outstanding institution for its Ultra High Net Worth (UHNW) service offering ($30 million plus) at the Australian Private Banking and Wealth Awards.

The Australian Private Banking and Wealth Awards are organized by global business intelligence provider, RFi and decided by a combination of more than 1,000 banking clients and an expert judging panel.

Edward Jewell-Tait, Head of Credit Suisse Private Banking, Australia, said: “For the third year in a row, Credit Suisse is being recognized for outstanding services to our clients. This award reflects our efforts to provide an uncompromised, advice-focused service, while utilising our global Private and Investment banking capabilities in order to meet our clients’ needs.”

Shane Galligan, Managing Director (Ultra High Net Worth clients), Australia, noted: “This award follows recognition from numerous financial publications and institutions since we established onshore in Australia in 2007, which all ultimately recognise our relentless efforts to support our clients irrespective of market conditions.”

Over the last 12 months, Credit Suisse has increased the number of relationship managers dedicated to the UHNW segment by 75 per cent, in line with a significant increase in assets under management from the sector.

“The UHNW segment, which is key to Credit Suisse, is continuing to grow rapidly as the passive and active wealth of Australia expands, and the market continues to mature,” Mr. Galligan added.

Credit Suisse has received numerous other country and global awards including:
• Euromoney Magazine’s Best Private Bank in Australia (2011 and 2012) and Best Private Bank globally (2011 and 2012)
• Asian Private Banker’s Award for Distinction for Best Private Bank in Australia (2012).

For more information on the award and RFi click here or visit at www.rfintelligence.com .