BEST PRIVATE BANK INDONESIA INTERNATIONAL
Credit Suisse
BEST PRIVATE BANK – INDONESIA INTERNATIONAL
Johanes Oeni
Market Group Head, Indonesia, Private Banking Asia Pacific, Credit Suisse
“This integrated model is critical for us to successfully serve our current and future generation of clients in a market where entrepreneurship is driving economic and wealth growth. Not only is Indonesia ranked ninth globally in terms of the number of large listed family-owned businesses, the number of UHNW entrepreneurs is expected to continue to increase by more than 10% annually in the next five years.”
“Having the largest and most experienced team covering the Indonesia market, we grew private banking net new assets and profitability steadily last year, expanding our footprint systematically across the market, further deepening market share while focusing on entrepreneur clients in sectors where our integrated capabilities are most relevant.”
“Credit Suisse will continue to partner closely with them across their entrepreneurial activities and private investments.”
Winners rationale
Leveraging one of the industry’s most compelling ‘one bank’ platforms configured for Asia’s offshore and onshore markets, and a team that is unparalleled in terms of size and experience, Credit Suisse’s Indonesia UHNW business has once again demonstrated its ability to deliver complex and bespoke solutions to a client roster that includes well-over half of the country’s 150 wealthiest individuals.
To a large extent, Credit Suisse’s investment banking prowess in Indonesia forms the backbone of its private banking offering for Indonesian entrepreneurs.
Boasting market-leading expertise across all major industries in Indonesia and a leadership team that is without peer, Credit Suisse has consistently led the pack in terms of the value and number of deals in M&A, equity-linked, and debt capital markets for the better part of 17 years. Furthermore, around two-thirds of the transactions completed in 2017 were solely run by bank, and repeat business also increased significantly, pointing to the deep trust clients have for Credit Suisse’s execution capabilities.
The financial results speak volumes. Client assets have grown at a compound annual rate of 7% for the past five years, with net new assets recording multi-fold jump in the first nine months. Similarly, revenues and PTI have notched up strong double digit growth. But perhaps more importantly, Credit Suisse refuses to rest on its laurels. The bank continues to pursue new opportunities by deepening and broadening its footprint in second and third-tier cities; it continues to empower its RMs by providing full back office support, comprehensive training for junior bankers and access to senior management; and its Indonesia clients and prospects benefit from tailored thought leadership and networking events.
As a wealth management market of inordinate potential, Indonesia should not be ignored by Asia’s private banking industry. But meaningfully banking Indonesia’s entrepreneur class demands commitment through cycles, deep expertise and coverage, and a platform that can meet clients’ diverse and complex needs.
On all measures, Credit Suisse has once more delivered. For this reason, Credit Suisse is Asian Private Banker’s Best Private Bank – Indonesia International for 2017.
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