Today we visited Credit Suisse. The official mission of the organization we visited today 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 specific function of the building we came to today tends to be more centered in developing talent and helping Credit Suisse in its other endeavors. Considering that Credit Suisse is a massive bank, that is involved in most parts of banking around the world but the division we visited today is not quite so directly involved with the banking side of things.
Credit Suisse has many different customers, but the majority of them tend to have large amounts of capital. They tend to work with high value investors which means that they are investors with more than $5 million in capital they are ready to invest. Private banking tends to deal with individual investors that are extra wealth, while investment bankers deal with more corporations trying to acquire other companies.
The customers at Credit Suisse tend to value the great service they are getting. The center today was completely dedicated to service and developing more leadership. Credit Suisse tries to find talent and use that talent to interact directly with its customers.
The results that Credit Suisse have gotten are incredible. They have been doing business for 150 years, and are operating in countries all over the world. Credit Suisse has over $1.2 billion AUM and employs over 400 thousand people. Credit Suisse is one of the most influential financial institutions in the world and that is an incredible result.
Credit Suisse plans on continued success in their field and recruitment from schools such as Elon. They are based in Switzerland and are most likely growing with areas such as China and Brazil. Although when asked it was obvious that the majority of the company was kept in the dark about future plans and only the CEO really knew what would be happening.
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