BEST PRIVATE BANK – MALAYSIA INTERNATIONAL
Credit Suisse’s group success in providing financial services to Malaysian businesses and their owners is proof of its continued success in following the “one-bank” approach. Strong synergies with the investment bank, which boasts a leading track record and best-in-class equity capabilities, have enabled Credit Suisse’s private banking arm to amass 20 years of dedicated coverage by one of the largest teams in the industry.
Already a frontrunner in the coverage of Malaysian UHNWIs – especially among the nation’s top billionaires – the private bank continued to grow its Malaysian client asset base in 2016, and at a robust CAGR of over 10% over the past five years.
And Credit Suisse has matched these gains with its commitment, setting up a team of senior investment consultants dedicated to the segment; making available segment-specific investment offerings including a range of Shariah-compliant solutions or MYR money market offerings; and delivering value-added events, rich in both quality and quantity.
“We have a longstanding private banking franchise covering the Malaysian market for 20 years with a dedicated team of senior bankers, and are also widely recognised as having the leading foreign investment bank in Malaysia,” says Marcus Slöör, market group head Malaysia, private banking Asia Pacific, Credit Suisse. “This unique private and investment banking platform has enabled us to build an extensive network with leading UHNWIs and business owners in Malaysia, delivering to them a differentiated service model. We are highly committed to the Malaysia market and will continue to deepen our market coverage with investments in talent and platform in order to grow our Malaysia business.”
Asia is a market where streamlining and cost-saving are points of focus and the Malaysian wealth segment is relatively underappreciated. But while many of Credit Suisse’s peers shy away from providing dedicated coverage, Credit Suisse continues to build its platform and talent, even in the face of challenging market conditions.
Credit Suisse is Asian Private Banker’s Best Private Bank – Malaysia International for 2016.