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Credit Suisse Hiring Private Bankers for Saudi Arabia Push

  • Bank seeking to profit from expected surge in private wealth
  • Deutsche Bank Also Stepping Up Profile in the Kingdom
Riyadh, Saudi Arabia.
Photographer: Simon Dawson/Bloomberg
Updated on

Credit Suisse Group AG is planning to hire more relationship managers in Saudi Arabia, joining rivals including Deutsche Bank AG in designating the country as a priority for their wealth management business.

The recruitment drive comes after the Zurich-based bank established a platform allowing it to offer private banking services and products in the country, according to an emailed statement from the company.