Credit Suisse sees AsiaPac profits doubling

As part of a global review the Swiss bank is investing in Asia, giving the region a standalone P&L and appointing Helman Sitohang to its executive board.

Credit Suisse sees AsiaPac profits doubling

Credit Suisse said on Wednesday it will invest more capital in Asia Pacific and expects to double its 2014 pre-tax income of CHF 0.9 billion $941 million by 2018 as it shifts its focus to banking the region's growing cohorts of entrepeneurs.

Switzerland's second-biggest bank is also seeking to double its CHF133 billion $139.2 billion of client assets under management in the region by 2018. The news is part of a group wide strategic...

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