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Credit Suisse
Credit Suisse is a financial institution founded in 1856 in Switzerland. It offers private banking, investment banking, and financial services globally.
Credit Suisse
Credit Suisse is a financial institution founded in 1856 in Switzerland. It offers private banking, investment banking, and financial services globally. UBS acquired Credit Suisse AG in June 2023.
General information
Firm type
Bank / Wealth / Trust
Year founded
1856
AUM
Undisclosed
Location
Region
Europe
Country
Switzerland
City
Zurich
Corporate office
Zurich, Switzerland
Principals
Ulrich Körner
Chief Executive Officer
Sector focus
Frequently asked questions
What happened to Credit Suisse's asset management business after the UBS acquisition?
UBS Group AG absorbed Credit Suisse's asset management division as part of the March 2023 emergency merger. UBS has since been evaluating which fund strategies and client mandates to retain, consolidate, or wind down. Most legacy Credit Suisse fund vehicles continue operating under transitional service agreements, but UBS Asset Management ultimately controls all investment decisions, personnel retention, and product rationalization.
How did the Archegos Capital failure affect Credit Suisse's asset management clients?
The March 2021 Archegos default triggered CHF 5.5 billion in trading losses at Credit Suisse's prime brokerage unit, which was organizationally separate from the asset management division. However, the reputational damage and subsequent senior management purge contributed to institutional outflows across all divisions, including asset management, where clients withdrew assets amid governance concerns raised by Swiss and international regulators.
Is Credit Suisse still operating as a separate legal entity?
No. Credit Suisse Group AG was delisted from the SIX Swiss Exchange in June 2023 and now operates as a subsidiary of UBS Group AG. The legal entities that housed Credit Suisse Asset Management continue to exist for contractual and regulatory purposes, but strategic and operational control has transferred entirely to UBS management under the terms of the government-brokered acquisition.
What was Credit Suisse's largest institutional asset management mandate before the collapse?
Credit Suisse managed significant institutional assets for the Qatar Investment Authority and other sovereign wealth funds through its fund-of-hedge-funds platform and separate account relationships. Exact mandate sizes were not publicly disclosed, but the QIA relationship, dating to the sovereign fund's 2008 capital injection during the global financial crisis, represented one of the firm's most durable institutional partnerships until the UBS integration.
Who were the key investment decision-makers at Credit Suisse Asset Management before the merger?
Credit Suisse Asset Management operated under a decentralized structure with individual CIOs leading each strategy vertical: private credit, real estate, infrastructure, hedge fund strategies, and index solutions. The division reported to the group CEO through a matrixed structure that also included the bank's chief risk officer, particularly after the Archegos loss triggered a firmwide risk-management overhaul in 2021.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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