The Trusted Entrepreneurs’ Bank in Asia Pacific
We understand the importance of supporting companies with their growth ambitions, helping them build and expand their businesses, as well as meeting their objectives. Entrepreneurs are a key driver of opportunity in Asia Pacific, and we are well positioned to support entrepreneurs throughout their business journey meeting their wealth management and investment banking needs. Our commitment means that we have long-standing and deep relationships with many entrepreneurs in the region and the next generation of wealth and large cap clients.
160 Years of Entrepreneurship
160 years ago Alfred Escher founded "Schweizerische Kreditanstalt", the Swiss predecessor bank of Credit Suisse. The bank played a key part in financing the construction of the Swiss national railway in the middle of the 19th century. For this achievement, Escher was nicknamed "King of Railways". Our bank was born with a strong entrepreneurial spirit and today, 160 years later, despite several name changes and continuous adaptation, this essence stands firm.
Clients as Innovation Drivers
The entrepreneurial DNA of Credit Suisse continues to define the bank today as it strives to become the "Bank for Entrepreneurs" across the globe. This is especially true in Asia Pacific where the "Trusted Bank for Entrepreneurs" initiative is at an advanced stage.
Credit Suisse has helped AirAsia grow into the largest low cost carrier in the whole of Asia, with around 45 million passengers a year and more than 80 destinations.
Tony Fernandes, CEO of AirAsia, is an example of Credit Suisse's drive to support entrepreneurs. In 2001 when Fernandes had just bought the Malaysian airline for less than a dollar, the businessman was spending his nights in his office at Kuala Lumpur's airport. His dreams? Relaunching the ailing airline as a budget airline. Not many believed in him, banks were shutting their doors, but not Credit Suisse. The bank shared Fernandes' dream and stood by him with an initial 30 million US dollar private placement that would help the airline's expansion plans takeoff. "No-one believed that I'd get AirAsia off the ground, no-one, except Credit Suisse," said Tony Fernandes. Today AirAsia, is the largest low-cost carrier in Asia.
160 years may have passed since the bank was founded, but the original spirit remains undiminished over time.
Nurturing Young Talent
In partnership with the Wade Institute and the University of Melbourne, Credit Suisse is delighted to offer scholarships and start-up funding to get students of the Master of Entrepreneurship started on their path to becoming successful entrepreneurs.