Credit Suisse to Expand Adviser Unit for Billionaire Clients
- New wealth unit chief Wehle to strengthen service to richest
- Swiss bank places hybrid digital wealth offering in new unit
A tram passes the Credit Suisse Group AG headquarters in Zurich.
Photographer: Stephen Kelly/BloombergThis article is for subscribers only.
Credit Suisse Group AG will boost the number of private bankers that serve its richest clients in the first move by the bank’s new international wealth-management chief.
The lender plans to "significantly expand" its business for its strategic clients, who are mostly billionaires, according to a memo from Philipp Wehle seen by Bloomberg and confirmed by a bank spokesperson. As part of that, Switzerland’s second-largest bank will employ more so-called strategic client partners primarily responsible for the richest customers.