Credit Suisse Is Chasing a Broader Set of the Global Wealthy
- Advisers to be assigned to Private Banking International
- Credit Suisse is seeking more business beyond the super-rich
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Credit Suisse Group AG is shifting resources in the pursuit of business from a broader range of rich clients, as the lender focuses more on wealth management amid cuts to its troubled investment bank.
The Zurich-based bank is reassigning advisers to its Private Banking International unit, led by Raffael Gasser, according to a memo sent to staff Tuesday and seen by Bloomberg. The aim is to expand coverage of global high-net-worth clients in addition to the ultra-wealthy segment, the bank said.