“Great colleagues and managers”
“Ability to work remotely”
“Too many changes in leadership and management the last two years”
“Appears to have lost its way but certain groups remain strong”
“Prestige is highly dependent on product area”
“Middle of the pack”
Credit Suisse Group is one of the world’s largest financial services providers. It offers clients expertise in the areas of private banking, investment banking, and asset management. In 2015, Credit Suisse appointed Tidjane Thiam as its new CEO, replacing Brady Dougan. Tidjane Thiam had most recently served as Prudential Plc CEO. Soon after joining the firm, Thiam announced a strategic shift and introduced a three-year restructuring plan to scale back certain trading businesses and focus on Credit Suisse’s wealth management business, its investment banking capabilities, and its presence in its home market of Switzerland.
Today, Credit Suisse has operations in over 50 countries and more than 46,840 employees from over 150 different nations. The bank serves its clients through three regionally focused wealth management divisions: Swiss Universal Bank, International Wealth Management, and Asia Pacific. These regional businesses are complemented by Global Markets and Investment Banking & Capital Markets, two divisions specializing in investment banking capabilities. All five divisions work closely together to provide financial solutions.to clients. The divisions are supported by various corporate functions, which provide centralized corporate services and business support, as well as implement control procedures to help operate the bank on a daily basis.
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, 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 and renaming itself Credit Suisse First Boston. In 2006, the firm 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 stayed out of negative headlines during the worldwide credit crisis and did not require 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, like many of its competitors, it was also forced to reduce headcount in the face of souring markets worldwide. In 2014, its brand was somewhat tarnished by a settlement with the U.S. Department of Justice in which Credit Suisse pleaded guilty to conspiring to aid tax evasion on behalf of wealthy clients. The bank reached an agreement with the DOJ in January 2017 regarding residential mortgage-backed securities issues.
More recently, in 2016, the bank was named Best M&A House in EMEA by EMEA Finance as well as Best Private Banking Asia by Asian Private Banker. In 2017, it was named Best Investment Bank in several countries by Euromoney, and best M&A house in EMEA by the EMEA Finance Achievement Awards. In 2018, Euromoney named Credit Suisse CEO Tidjane Thiam the Banker of the Year and Credit Suisse the Best Emerging Market Investment Bank worldwide. Euromoney also named Credit Suisse the Best Investment Bank in Switzerland, Asia's Best Investment Bank, Indonesia's Best Investment Bank, Pakistan's Best Investment Bank, Thailand's Best Investment Bank, and Vietnam's Best Investment Bank.
11 Madison Avenue
New York, NY 10010-3629
Phone: (212) 325-2000
Employer Type: Public
Stock Symbol: CS
Stock Exchange: NYSE
CEO, Credit Suisse Group: Tidjane Thiam
2018 Employees (All Locations): 46,840
Melbourne , Australia
Sco Paolo, Brazil
Los Angeles, CA
Newport Beach, CA
San Francisco, CA
Palo Alto, CA
Palm Beach, FL
St. Peters, MO
New York, NY
Mexico City, Mexico
Johannesburg, South Africa
Dubai, United Arab Emirates
London, United Kingdom
Hong Kong, Hong Kong