Credit Suisse launches private banking in India

The bank adds wealth management to its suite of products in India as it moves towards creating a full-service investment banking business in the country.

Credit Suisse announced yesterday that it has launched a wealth management business in Mumbai.

Credit Suisse got a portfolio manager license from the Securities and Exchange Board of India SEBI in January 2008. It now intends to offer high-net-worth individuals, family-owned businesses and entrepreneurs based in India a range of local and international investment products and services including advice on capital raising, listings and succession planning.

Mihir Mickey Doshi, country head for Credit Suisse in India, said in a written...

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