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.
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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.