Swiss Universal Bank
The Swiss Universal Bank division offers comprehensive advice and a wide range
of financial solutions to private, corporate and institutional clients primarily
domiciled in our home market of Switzerland, which offers attractive growth
opportunities and where we can build on a strong market position across our
key businesses. Our private banking business has a leading franchise in our
Swiss home market and serves ultra-high-net-worth individuals, high-net-worth
individuals and retail clients. Our corporate and institutional banking business
serves large corporate clients, small and medium-sized enterprises, institutional
clients and financial institutions.
International Wealth Management
The International Wealth Management division offers tailored financial solutions
to wealthy private clients and external asset managers in Europe, the Middle
East, Africa and Latin America through its private banking business. The division’s
footprint spans emerging economies as well as mature European markets and it
has access to the broad spectrum of Credit Suisse’s global resources and
capabilities. Our asset management business offers investment solutions and
services globally to our private banking businesses and a wide range of other
clients, including pension funds, governments, foundations and endowment funds,
corporations and individuals.
Asia Pacific
The Asia Pacific division offers integrated private banking and investment banking
financial solutions to wealthy individuals, institutional investors and corporate
clients in the Asia Pacific region, drawing on Credit Suisse’s global
resources. The division is well positioned to capture market opportunities in
Asia Pacific, which is experiencing rapid wealth creation and where the number
of ultra-high-net-worth individuals is growing. We offer institutional investors
access to broader financial markets and differentiated product offerings.
Global Markets
The Global Markets division offers a broad range of equities and fixed income
products and services and focuses on client-driven businesses and on supporting
Credit Suisse’s private banking businesses and their clients. Our suite
of products and services includes global securities sales, trading and execution
services, prime brokerage, underwriting and comprehensive investment research.
Our clients include financial institutions, corporations, governments, institutional
investors – including pension funds and hedge funds – and private
individuals around the world.
Investment Banking & Capital Markets
The Investment Banking & Capital Markets division offers a broad range of
investment banking services to corporations, financial institutions, financial
sponsors and ultra-high-net-worth individuals and sovereign clients. Our range
of products and services includes advisory services related to mergers and acquisitions,
divestitures, takeover defense mandates, business restructurings and spin-offs.
The division also engages in debt and equity underwriting of public securities
offerings and private placements.
Strategic Resolution Unit
The Strategic Resolution Unit was created to facilitate the immediate right-sizing
of our business divisions from a capital perspective and includes remaining
portfolios from former non-strategic units plus transfers of additional exposures
from the business divisions. The unit’s primary focus is on facilitating
the rapid wind-down of capital usage and costs to reduce the negative impact
on the Group’s performance. Repositioned as a separate division, this
provides clearer accountability, governance and reporting.
Private banking offerings and wealth management solutions
We offer a wide range of private banking and wealth management solutions tailored
for our clients in our Swiss Universal Bank, International Wealth Management
and Asia Pacific divisions.
Structured advisory process
We apply a structured approach based on a thorough understanding of our clients’
needs, personal situation, product knowledge, investment objectives and a comprehensive
analysis of their financial situation to define individual client risk profiles.
On this basis we define together with our clients an individual investment strategy.
This strategy is implemented ensuring that portfolio quality standards are adhered
to and that all investment instruments are compliant with suitability and appropriateness
standards. Responsible for the implementation are either the portfolio managers
or our relationship managers working together with their advisory clients. Our
UHNWI relationship managers are supported by dedicated portfolio managers.
Client segment specific value propositions
We offer a wide range of wealth management solutions tailored to specific client
segments. The distinct value proposition of our integrated bank remains a key
strength in our client offerings. Close collaboration with our investment banking
businesses enables us to offer customized and innovative solutions to our clients,
especially in the UHNWI segment, and we have specialized teams offering bespoke
and complex solutions predominantly for our sophisticated clients. In addition,
we offer solutions for a range of private and corporate wealth management needs,
including succession planning, tax advisory and financial planning.
Comprehensive investment services
We offer a comprehensive range of investment advice and discretionary asset
management services based on the outcome of our structured advisory process
and the guidelines of the Investment Solutions & Products Group and the
Credit Suisse Investment Committee. We base our advice and services on the analysis
and recommendations of our research and investment strategy teams, which provide
a wide range of investment expertise, including macroeconomic, equity, bond,
commodity and foreign-exchange analysis, as well as research on the economy.
Our investment advice covers a range of services from portfolio consulting to
advising on individual investments. We offer our clients portfolio and risk
management solutions, including managed investment products. These are products
actively managed and structured by our specialists or third parties, providing
private investors with access to investment opportunities that otherwise would
not be available to them. For clients with more complex requirements, we offer
investment portfolio structuring and the implementation of individual strategies,
including a wide range of structured products and alternative investments. Discretionary
asset management services are available to clients who wish to delegate the
responsibility for investment decisions to Credit Suisse. We are an industry
leader in alternative investments and, in close collaboration with our asset
management business and investment banking businesses, we offer innovative products
with limited correlation to equities and bonds, such as hedge funds, private
equity, commodities and real estate investments.
Multi-shore platform
With global operations comprising 14 international booking centers in addition
to our operations in Switzerland, we are able to offer our clients booking capabilities
locally as well as through our international hubs. Our multi-shore offering
is designed to serve clients who are focused on geographical risk diversification,
have multiple domiciles, seek access to global execution services or are interested
in a wider range of products than is available to them locally.
Corporate client and institutional client offerings
In accordance with our ambition to position ourselves as the “Bank for
Entrepreneurs,” we provide corporate and institutional clients, predominantly
in Switzerland, with a broad range of financial solutions. To meet our clients’
evolving needs, we deliver our offering through an integrated franchise and
international presence. Based on this model, we are able to assist our clients
in virtually every stage of their business life cycle to cover their banking
needs. For corporate clients, we provide a wide spectrum of banking products
such as traditional and structured lending, payment services, foreign exchange,
capital goods leasing and investment solutions. In addition, we apply our investment
banking capabilities to supply customized services in the areas of mergers and
acquisitions (M&A), syndications and structured finance. For corporations
with specific needs for global finance and transaction banking, we provide services
in commodity trade finance, trade finance, structured trade finance, export
finance and factoring. For our Swiss institutional clients, including pension
funds, insurances, public sector and UHNWI clients, we offer a wide range of
fund solutions and fund-linked services, including fund management and administration,
fund design and comprehensive global custody solutions. Our offering also includes
ship and aviation finance and a competitive range of services and products for
financial institutions such as securities, cash and treasury services.
Asset management offerings
Our traditional investment products include multi-asset class solutions, which
provide clients with innovative strategies and comprehensive management across
asset classes to optimize client portfolios with services that range from funds
to fully customized solutions. Other core investment strategies include a suite
of fixed income, equity and real estate funds, and our indexed solutions business
which provides institutions and individual clients access to a wide variety
of asset classes in a cost-effective manner. Stressing investment principles
such as risk management and asset allocation, we take an active and disciplined
approach to investing.
We also offer institutional and individual clients a range of alternative investment
products, including hedge fund strategies, commodities and credit investments.
We offer access to various asset classes and markets through strategic alliances
and key joint ventures with external managers and have a strong footprint in
emerging markets.
Investment banking financial solutions
Equity underwriting
Equity capital markets originates, syndicates and underwrites equity in IPOs,
common and convertible stock issues, acquisition financing and other equity
issues.
Debt underwriting
Debt capital markets originates, syndicates and underwrites corporate and sovereign
debt.
Advisory services
Advisory services advises clients on all aspects of M&A, corporate sales,
restructurings, divestitures, spin-offs and takeover defense strategies.
Fixed income
– Credit products offers a full range of fixed income products and instruments
to clients across investment grade and high yield credits, ranging from standard
debt issues and credit research to fund-linked products, derivatives instruments
and structured solutions that address specific client needs. We are a leading
dealer in flow trading of single-name >>>credit default swap (CDS)
on individual credits, credit-linked notes and index swaps. Investment grade
trades domestic corporate and sovereign debt, non-convertible preferred stock
and short-term securities such as floating rate notes and >>>commercial
paper. Leveraged finance provides capital raising and advisory services and
core leveraged credit products such as bank loans, bridge loans and high yield
debt for non-investment grade corporate and financial sponsor-backed companies.
– Securitized products trades, securitizes, syndicates, underwrites and
provides research for various forms of securities, primarily >>>residential
mortgage-backed securities (RMBS) and asset-backed securities (ABS). Both RMBS
and ABS are based on underlying pools of assets, and include both government-
and agency-backed, as well as private label loans. Core to the securitized products
franchise is its asset financing business, which focuses on providing asset
and portfolio advisory services, and financing solutions to clients across asset
classes.
– Emerging markets offers a full range of fixed income products and instruments,
including sovereign and corporate securities, local currency derivative instruments
and tailored emerging market investment products. The business is organized
around financing, structured credit, trading, capital markets and strategic
transactions, with a focus on supporting emerging markets through its onshore
and offshore service models.
– Global macro products includes our restructured rates and foreign exchange
businesses. Our rates business includes the full spectrum of cash and derivatives,
including select non-cleared and structured solutions. Foreign exchange provides
market making in products such as spot and options for currencies in developed
markets. The foreign exchange product suite also includes proprietary market
leading technology to provide clients with electronic trading solutions.
Equity
– Cash equities provides a comprehensive suite of offerings: (i) research,
analytics and other content-driven products and services, to meet the needs
of clients including mutual funds, investment advisors, banks, pension funds,
hedge funds, insurance companies and other global financial institutions; (ii)
sales trading, responsible for managing the order flow between our clients and
the marketplace and providing clients with trading ideas and capital commitments,
identifying trends and delivering the most effective execution; (iii) trading,
which executes client orders and makes markets in listed and >>>over-the-counter
(OTC) cash securities, exchange-traded funds and programs, providing liquidity
to the market through both capital commitments and risk management; and (iv)
Credit Suisse’s >>>advanced execution services (AES), a sophisticated
suite of algorithmic trading strategies, tools and analytics to facilitate global
equity trading. By employing algorithms to execute client orders and limit volatility,
AES helps institutions and hedge funds reduce market impact. AES is a recognized
leader in its field and provides access to hundreds of trading destinations
in over 40 countries and six continents.
– Equity derivatives provides a full range of equity-related products,
investment options and financing solutions, as well as sophisticated hedging
and risk management expertise and comprehensive execution capabilities to financial
institutions, hedge funds, asset managers and corporations. Convertibles involves
both secondary trading and market making and the trading of credit default and
asset swaps and the distribution of market information and research. The global
convertibles business is a leading originator of new issues throughout the world.
– Prime services offers hedge funds and institutional clients execution,
financing, clearing and reporting capabilities across various asset classes
through prime brokerage, synthetic financing and listed and OTC derivatives.
In addition, prime services is a leading provider of advisory services across
capital services and consulting for both start-ups and existing clients.
– Systematic market-making group operates a range of liquidity-providing
and market-making strategies in liquid markets.