Facing headwinds, Credit Suisse aims to double its share of private banking in Brazil

According to Ferrari, Global CEO of Wealth Management, the scandal-plagued group's wealth management arm manages more than US$1.5 trillion in assets worldwide. Even from a global perspective, Brazil occupies a strategic place for the group, he says.

RIO DE JANEIRO, BRAZIL - Zurich-based Credit Suisse plans to double its share of the Brazilian private banking market within five years, says Francesco de Ferrari, member of the Executive Board, Global CEO of Wealth Management, and CEO of Europe, Middle East, and Africa division.

The manager took over as head of the Swiss bank's wealth management division in February 2022 and told Valor in an interview that Brazil was one of his first trips in the job.

According to Ferrari, the group's wealth management division manages more than US$1.5 trillion in assets worldwide. Even from . . .

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