Credit Suisse (Europe)

THE SCOOP

International player

Credit Suisse Group is one of the largest financial institutions in the world, operating in more than 50 countries and employing more than 45,000 people, about 9,000 of which work in the United States. Its two primary business divisions are Private Banking & Wealth Management and Investment Banking. Credit Suisse's investment banking business encompasses equities, fixed income, prime services, the advisory services, and research. The advisory services department delivers a full range of corporate finance solutions, including M&A, leverage finance, equity and debt financings, IPOs, and financial restructuring. 

Credit Suisse's history dates back to 1856; nearly a century later, as World War II raged in Europe, the bank opened its first international branch (outside of Switzerland) in New York City in 1942. In 1978, the bank began a partnership with The First Boston Corporation in the U.S., acquiring a controlling stake in the firm 10 years later (after which the bank was renamed Credit Suisse First Boston). In 2006, Credit Suisse Group rebranded to create an "integrated bank," and its investment bank dropped the First Boston affiliation and became known as simply Credit Suisse. 

Unlike many of its competitors, Credit Suisse managed to stay out of (negative) headlines during the worldwide credit crisis and did not need to rely on government funding to stay afloat. In fact, the firm emerged as one of the handful of big banks relatively unscathed by the crisis. Come 2011, though, like many of its competitors, it was forced to reduce headcount in the face of souring markets worldwide. And in early 2014, it pleaded guilty to criminal charges of conspiring to help U.S. clients evade taxes. The firm also paid $2.6 billion in fines in connection with these charges. 

Today, the firm's European operations are based in London and Zurich; the firm has additional European offices in Amsterdam, Frankfurt, Istanbul, Kiev, Madrid, Milan, Moscow, Paris, and Wrcolaw, and an office in Dubai. Credit Suisse is led by CEO Brady Dougan, who has held the chief executive position since 2007. The firm's investment bank is jointly overseen by Eric Varvel and Gaƫl de Boissard. The private bank is overseen by Hans-Ulrich Meister and Robert Shafir.

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Credit Suisse (Europe)


One Cabot Square
London E14 4QJ
Phone: +44 207 888 8888
www.credit-suisse.com

STATS


  • Employer Type: Public
  • Stock Symbol: CS
  • Stock Exchange: NYSE
  • CEO, Credit Suisse Group: Brady Dougan
  • 2014 Employees: 45,600

Major Office Locations

  • Zurich, Switzerland
  • London, United Kingdom

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