2018 Winners – Distinction
BEST PRIVATE BANK – INDONESIA INTERNATIONAL
Although Credit Suisse continues to broaden its Indonesia footprint beyond traditional first-tier cities, the bank significantly consolidated client relationships and workforce in the Indonesia business by prioritising client segments where its offering could make a difference, such as entrepreneurs operating in key sectors in which the private and investment bank have a competitive advantage such as healthcare, pharmaceuticals, energy, fintech, and industrials. In 2018, the bank demonstrated its edge in the fields, evidenced by landmark integrated bank deals such as a share-backed loan for a listed oil and gas company and an IPO solution for a major hospital and medical service provider.
Consolidation aside, the bank positioned itself to hoover up next-generation client relationships given the imminent wealth transfer in one of Asia’s oldest wealth markets. In addition to attracting next-gen clients through its capabilities in sectors that are facing groundbreaking disruption, the bank is placing greater emphasis on wealth planning.
Despite a difficult year for transactional activities, Credit Suisse delivered positive growth in its recurring business while growing NNA strongly, with a sharper segmental focus backed by continued excellence in delivering both private and investment banking solutions.
Credit Suisse is Asian Private Banker’s Best Private Bank – Indonesia International for 2018.