Credit Suisse Asset Management (Switzerland)

In order to help pay for the expansion of Switzerland's rail system, Credit Suisse was established in 1856. It made loans that were used to build the European rail network as well as the electrical grid in Switzerland. In response to the rise of the middle class and competition from fellow Swiss banks UBS and Julius Bär, it started to transition to retail banking in the 1900s. Before acquiring a majority interest in the bank in 1988, Credit Suisse formed a partnership with First Boston in 1978. The business acquired organizations like the Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. (SASI), and Bank Leu between 1990 and 2000. The Qatar Investment Authority and BlackRock are Credit Suisse's two largest institutional shareholders, with about 5% each, followed by the US mutual fund companies Harris Associates (the largest shareholder as of August 2022 with 10.1%) and Dodge & Cox, the Norwegian central bank, and the Saudi Arabian Olayan Group.

The corporation, one of the least damaged banks during the global financial crisis, started slashing costs, performing layoffs, and downsizing its investment division subsequently. Multiple worldwide investigations into the bank's tax evasion led to a guilty plea and the loss of US$2.6 billion in fines between 2008 and 2012. Over CHF 1.6 trillion in assets were being managed by Credit Suisse in 2021.

Founded: 1856

Revenue: SFr 22.7 billion (2021)

AUM: SFr 1.61 trillion (2021)
Website: https://am.credit-suisse.com/

Phone: +41 44 333 11 11

Ranking: 4 of the 10 Top Asset Management Firms