Skip to content
Subscriber Only

Credit Suisse Bets on Spain Recovery in Private Bank Push

Updated on

Credit Suisse Group AG, the world’s fourth-largest wealth manager, almost doubled client assets in Spain during the country’s recession and said it expects that growth to continue as the economy gathers pace.

The firm’s assets under management expanded by about 80 percent since June 2011, without help from acquisitions, said Miguel Matossian, chief executive officer of the Spanish division. The Zurich-based bank may consider purchases.