clariden-leu-boss-a-bull-on-asia

Clariden Leu boss a bull on Asia

A four-way bank merger has created an ambitious new private banking entity, with its eye firmly on expansion in Asia.
Last week it was announced that Clariden Bank would merge with three other Credit Suisse private banking entities Bank Leu, Bank Hofmann and BGP Banca di Gestione Patrimoniale to create Clariden Leu - a private bank with 1,800 staff and assets under management of $91 billion. Clariden Leu will be Zurich-based but one of the chief reasons why parent, Credit Suisse created the new bank was to create the scale to expand in Asia. Here the CEO of Clariden Leu, F Bernard Stalder explains the reasons for the merger and the Asian opportunity he envisages.


What was the logic behind this merger
The rationale relates to changing client expectations. The clientÆs sophistication is increasing and...
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