What it does: Credit Suisse provides clients with a range of services for private banking, investment banking, and asset management. It has five specialized divisions-Swiss Universal Bank, International Wealth Management, Asia Pacific Wealth Management, Global Markets & Investment Banking, and Investment Bank Capital Markets. All of them work closely together to provide financial solutions to clients.
Mission: Their mission is to build lasting value by serving their clients with care and entrepreneurial spirit. Their purpose describes the reason they exist as an organization.
Size and Presence: The total number of employees at Credit Suisse Group in 2021 was 50,110, a 2.75 per cent increase from 2020. They believe that with over 150 offices in approximately 50 countries, they can make an impact anywhere in the world.
Best Known For: Credit Suisse is widely famous for maintaining strict client–bank confidentiality and banking secrecy. It is regarded as a systemically important bank by the Financial Stability Board. It is also the FED's primary dealer and Forex counterparty. Credit Suisse was established in 1856 to fund the expansion of Switzerland's rail system.
The Good Bits: At the PWM/The Banker Global Private Banking Awards in 2020, Credit Suisse was named "Best Private Bank for Entrepreneurs" and "Best Private Bank in the Middle East." Wealth management and investment banking solutions are among their private banking services.
The Not So Good Bits: The growth opportunity can be limited. The remuneration can be lower than expectations. On top of that, the process is not streamlined.
Credit Suisse was founded by Alfred Escher in 1856 as Schweizerische Kreditanstalt (SKA), which became Schweizerische Bankgesellschaft (SBG) in 1873 and finally Credit Suisse in 1966. The bank was initially focused on financing foreign trade to help local businesses finance their international trade activities.
In 1858, Credit Suisse opened its first branch office in Zurich. However, it was not until 1912 that it became a limited company under the name "Credit Suisse". During World War II, Credit Suisse expanded its business significantly and played a major role in helping Swiss companies maintain their operations during this challenging period.
In 1990, Credit Suisse acquired SBC Warburg Dillon Read for $10 billion to expand its presence in London.
It is the second-largest bank in Switzerland and the eighth largest bank in the world by total assets. Credit Suisse has about 1,000 offices in more than 50 countries and employs about 100,000 people.
Credit Suisse has a company culture that is not only innovative but also fun and friendly. It encourages its employees to be themselves at work by creating an environment that allows them to express their individuality while still upholding the organization's integrity. The company believes that diversity enhances its ability to attract top talent and improve productivity and efficiency through different perspectives shared among employees worldwide.
Credit Suisse's recruitment process consists of two stages: pre-screening and assessment centre. The pre-screening stage is designed to identify suitable candidates for the assessment centre based on their resume, cover letter, and personal statement submitted during registration. Candidates should have relevant academic qualifications from an accredited university or institution, in the field they wish to work in. Candidates must demonstrate strong interpersonal skills and resilience under pressure, along with excellent communication skills, both written and verbal.
Credit Suisse offers a wide range of career opportunities throughout its global network. In particular, it has a strong focus on developing talent internally through its graduate program and internship scheme. Credit Suisse also recruits graduates directly from university - typically those who have studied finance or business-related disciplines such as economics or accounting.
Credit Suisse offers a competitive compensation package for all employees, including bonuses, share options, pension plans, and healthcare benefits.
Credit Suisse offers a competitive salary and benefits package for fresh graduates. According to their website, the starting salary in India is usually over 4.0 Lakhs or above per annum. The salary increase depends on the employee's performance and can go up to 15% per year.
Credit Suisse engages in multiple activities that have implications for society, including finance, economics, philanthropy, and corporate citizenship. The bank believes that its activities should have positive impacts on business performance and the quality of life for people around the world.
Credit Suisse is committed to being a responsible corporate citizen by supporting sustainable development through initiatives that benefit society at large. And improving environmental performance through energy efficiency programs and reducing waste.