Credit Suisse is a Swiss multinational financial services company under the Credit Suisse Group with headquarters in Zurich. Its main divisions of operation are Investment Banking, Private Banking and Asset Management all of which come together to provide all-round services to customers around the world. The bank has operations in more than 50 countries internationally and over 48,000 employees who work towards providing expert services. The bank has managed to be successful because of its ability to adjust its operations to suit the country it’s operating in.
Founded in 1856 by Alfred Escher under the name Schweizerische Kreditanstalt (SKA, English: Swiss Credit Institution) as a way of contributing towards the development of Switzerland’s rail system through issuing loans before moving into retail banking. The bank has grown into an international company through various mergers and acquisitions.
The bank is divided into three regionally focused divisions which work together to provide holistic financial solutions with tailored advice and solutions. These divisions are; Swiss Universal Bank, International Wealth Management and Asia Pacific. The main focuses of business are:
- Private Clients – Credit Suisse provides financial solutions for ordinary people such as banking, mortgages, financial planning and investment advice.
- Asset Management – By following the latest trends and keeping a close eye on the global market, Credit Suisse promises to help you with your asset management solutions.
- Corporates and Institutions – The financial needs of larger organizations are very unique and require the expertise of knowledgeable of professionals such as those at Credit Suisse.
- Investment Banking – The experts at Credit Suisse use their knowledge to assess the markets to give the best advice on which moves to make that’ll give the best returns.
Operating income (2015): $33,806,000$ | (2014): $36,501,000$ | (2013): $41,937,000$