Credit Suisse is banking on risk-taking billionaires to drive revenue growth at its wealth management division.
) is banking on risk-taking billionaires to drive revenue growth at its wealth management division.
Philipp Wehle, the head of Credit Suisse’s international wealth management division, estimates this sort of activity could bring in around $400 million in additional revenues between now and the end of 2022. “This trend is visible from conversations with ultra wealthy clients but also from business activity we were seeing. The level of transactions in April was still above pre-crisis levels.”
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