It’s been a long-time coming but Credit Suisse is now building up its private banking business in the US. Although an important force in wealth management in Europe and Asia, the bank has done little to make a mark in the US since it inherited the private client arm of investment bank Donaldson, Lufkin & Jenrette in 2000.
Gary Neuser, managing director of Credit Suisse and head of private banking USA, says that the firm now has a three-year plan in place to build out the private banking business in the country.
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