Credit Suisse announces a collaboration with Privé Technologies to help external asset managers in digital transformation.
Credit Suisse announced a collaboration with Privé Technologies (Privé), a Hong Kong-based digital wealth management solutions platform provider for financial institutions, to provide External Asset Managers (EAMs) access to better wealth management technology solutions.
The collaboration with Credit Suisse will enable Privé to further enhance their wealth management platform for EAMs including content generation, risk profiling and suitability, order management and execution capabilities.
Growing Rapidly
Commenting on the collaboration, Sascha Zehnter, head of external asset managers, private banking Asia Pacific at Credit Suisse said, «In Asia Pacific, the EAM industry has been growing rapidly, with current assets under management estimated at over $90 billion in Hong Kong and Singapore. Through our collaboration with Privé, we are reaffirming our commitment to EAMs in the region by helping to develop the next generation of EAM wealth management technology solutions.»
Credit Suisse launched the first digital private banking solution in the region in 2015 and partnered with fintech company Canopy in 2017 to make access to its clients an automated account aggregation platform and reporting solution. Recently, the bank launched Credit Suisse Chat, a proprietary in-house chat platform which allows its relationship managers to communicate with their clients through their preferred messaging channels in a secure and compliant environment.
At The Forefront
«We are delighted to collaborate with Credit Suisse, which is not only an industry leader in the EAM space but also at the forefront of digital wealth management,» Charles Wong, the co-founder, and co-CEO of Privé said.
