Today our class visited Credit Suisse Bank. The company was founded in 1856 in Switzerland. It currently has 530 offices and 22 booking centers located in 50 countries. Credit Suisse banks has about 46,400 employees, and sixty percent of these are outside of Switzerland. Credit Suisse Bank’s goal is to be the leading bank for private, corporate, and institutional clients. Credit Suisse bank practices private banking and investment banking. It also offers shared services, which features aspects of both types of banking. The building we visited was the Raleigh Center for Excellence, one of five Centers for Excellence located around the globe. The Raleigh Center for Excellence opened in 2005. It currently has 1300 staff members.
The mission of the Credit Suisse Raleigh Center for Excellence is to leverage geographic diversity and new sources of talent to create a cost effective global business support center that provides both operational and technological resiliency. The Center for Excellence also provides a platform to deliver increased capacity, capabilities and efficiencies, enabling the firm to better position itself for further business expansion. The customers of Credit Suisse vary, depending on the type of banking preference. Private banking and wealth management is used mostly by elite, high-class individuals. The Investment banking sector is used more by businesses. It offers a a broad spectrum of equities, fixed income, and investment banking advisory products and services. I believe that the majority of Credit Suisse customers value the same thing: security. After the recession in 2008, it has been harder for people to truly trust others with their money. Credit Suisse offers secure banking, and people feel like they can trust the company. This results in profit for the company. If people continue to invest, Credit Suisse will continue succeeding. Credit Suisse was awarded numerous awards in 2012. Some of these include Best Private Bank Globally, as well as numerous Best Investment/Private Bank awards in several different countries and regions. I was extremely impressed with the Raleigh facility, as well as the facts and figures I heard, and I see no sign of Credit Suisse slowing down in the future. Credit Suisse was surprisingly the first company we’ve been to that talked extensively about employment opportunities. Our speaker told us about a couple of internships that were offered each year, as well as the rolling application for full time employment. Several of the employees that I talked to said that they went through the internship out of college, and they said it was a great experience. I am too young to work there now, but perhaps as I get older I could look into employment at Credit Suisse.
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