2015 Vault Rankings
At a Glance
"Great brand—strong and well-run mega-institution"
"The culture and flat hierarchies at CS make for a brilliant work environment"
"There is a lot of uncertainty for the future"
"Forced to become specialised quickly"
About Credit Suisse (Europe)
Credit Suisse Group is one of the world's largest financial services providers. It offers clients expertise in the areas of private banking, investment banking, and asset management. In 2015, Credit Suisse appointed Tidjane Thiam as its new CEO, replacing Brady Dougan. Tidjane Thiam had most recently served as Prudential Plc CEO. Soon after joining the firm, Thiam announced a strategic shift in which the firm would scale back certain trading businesses and focus more on wealth management in order to build on its strengths in wealth management, investment banking, and its home market of Switzerland.
Today, Credit Suisse has operations in over 50 countries and more than 47,000 employees from over 150 different nations. The bank serves its clients through five divisions: Investment Banking & Capital Markets, Global Markets, Swiss Universal Bank, International Wealth Management, and Asia Pacific. All five divisions work closely together to provide integrated financial solutions to its clients, globally. These divisions are supported by various corporate functions, which provide centralized corporate services and business support, as well as implement control procedures to help operate the bank on a daily basis.
Credit Suisse's history dates back to 1856; nearly a century later, as World War II raged in Europe, the bank opened its first international branch (outside of Switzerland) in New York City in 1942. In 1978, the bank began a partnership with The First Boston Corporation in the U.S., acquiring a controlling stake in the firm 10 years later (after which the bank was renamed Credit Suisse First Boston). In 2006, Credit Suisse Group rebranded to create an "integrated bank," and its investment bank dropped the First Boston affiliation and became known as simply Credit Suisse. Unlike many of its competitors, Credit Suisse managed to stay out of negative headlines during the worldwide credit crisis and did not need to rely on government funding to stay afloat. In fact, the firm emerged as one of the handful of big banks relatively unscathed by the crisis. Come 2011, like many of its competitors, it was also forced to reduce headcount in the face of souring markets worldwide. In 2014, its brand was somewhat tarnished by a settlement with the U.S. Justice Department in which Credit Suisse plead guilty to conspiring to aid tax evasion on behalf of wealthy clients. The bank was named "Best Global Bank" in 2010 and has received numerous regional and country awards as the Best Private Bank and Investment Bank by Euromoney magazine.
One Cabot Square
London E14 4QJ
Phone: +44 207 888 8888
Employer Type: Public
Stock Symbol: CS
Stock Exchange: NYSE
CEO, Credit Suisse Group: Tidjane Thiam
2016 Employees (All Locations): 47,200