Latin America's best bank for wealth management 2018: Credit Suisse
Awards for Excellence 2018
After heavy investment in Mexico, Credit Suisse is now firmly rooted in the two largest markets in Latin America where it has a unique offering by having an investment bank, an asset manager and a wealth manager – all with a global footprint. After hiring 30 new people in Mexico, the bank saw net new assets increase by double digits last year.
The Swiss bank also has coverage across the Pacto Andino and Cono Sur, including an advisory office in Chile and a representative office in Colombia.
It is in complexity where the bank excels: serving clients that own big corporations with offshore demands. Repatriation regulations across the region have led wealthy clients to be more open to new partnerships, new solutions and new structures. Credit Suisse is in a good position to answer those needs and this year wins the award for Latin America’s best bank for wealth management.
Credit Suisse Hedging-Griffo (CSHG) with R$112 billion under management, for example, excels in complex hedging trades where ultra-high net-worth clients in Brazil require a currency hedge against the US dollar.