Credit Suisse Asset Management Eyes Acquisitions

Iqbal Khan,Credit Suisse

Iqbal Khan,Credit Suisse

Credit Suisse, Switzerland's second-biggest bank, wants to rekindle its business through the much-talked-about restructuring program, however the bank is not ruling out making strategic acquisitions.

Size matters - at least in asset management and private banking, if a company wants to generate sustainable profitability. Which is why Credit Suisse (CS), the bank managed by Tidjane Thiam, is in the market for potential acquisitions.

«I would not exclude inorganic moves, specifically in asset management,» Iqbal Khan, the CEO of CS' International Wealth Management unit said at the Reuters Global Wealth Management Summit in Zurich.

Khan said that the company would evaluate potential deals by making a judgment based upon the potential risks and benefits, using its established procedures. CS wants deals which are a strategic fit and would help it expand its capabilities or growth in a specific market.

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