Credit Suisse launches school for private bankers

Coming to a private bank near you soon: trained staff.
Credit Suisse's Francesco de Ferrari and Helman Sitohang with Ong Puay See, CEO of Singapore's Institute of Banking and Finance
Credit Suisse's Francesco de Ferrari and Helman Sitohang with Ong Puay See, CEO of Singapore's Institute of Banking and Finance

Here’s a sign of the times Asia is getting rich so fast that private banks cannot add staff quickly enough to keep up.

The region’s financial wealth has more than tripled since 2001 and Asia’s rich are increasingly looking to professional advisers for help, stretching banks’ ability to hire qualified staff. The problem is so great that Credit Suisse has just opened its first private banking school in Asia the Credit Suisse Wealth Institute which it describes as a “regional training and competency hub”.

“The aim is to gain a sustainable competitive advantage by attracting the right talent early,” Francesco de Ferrari, Credit Suisse’s head of private...

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