BEST PRIVATE BANK MALAYSIA INTERNATIONAL
Credit Suisse
BEST PRIVATE BANK – MALAYSIA INTERNATIONAL
Marcus Slöör
Market Group Head Malaysia, Private Banking Asia Pacific, Credit Suisse
“As one of the very few international banks with dedicated private banking coverage of the Malaysia market for more than 20 years, we had another successful year in 2017 recording strong growth in our asset base and profitability, with particularly robust net new assets gathering.
While continuously investing in expanding our specialist expertise and our comprehensive product and solutions as well as digital platforms, we are also committed to developing our deep talent bench and growing talent from within. During the year, we appointed veterans of our Malaysia team with deep UHNW client experience to management team, expert relationship manager and senior client partner positions.
A significant portion of our talent base comprises senior bankers with over 10 years’ tenure at Credit Suisse, who are supported by a team of dedicated investment consultants. Working in close partnership with our investment banking franchise, we are well entrenched as the Trusted Entrepreneurs’ Bank for Malaysian clients with leading integrated wealth management, capital markets and financing capabilities. 2017 was a very strong year particularly in delivering these integrated solutions to our top UHNW clients, particularly driven by our financing capabilities and increasing our penetration of billionaire clients.”
Winners rationale
In 2017, Credit Suisse is once again the proven premier international private bank covering Malaysia as the go-to solution provider for entrepreneurs, with very high penetration of the country’s Forbes 50.
The bank demonstrated its prowess to emphatically provide an holistic service for both its clients’ corporate finance and private wealth needs.
In corporate finance, the bank stood out as the foreign bank with the most significant deal count in 2017 and topped Malaysia’s league table as the country’s top foreign equity capital markets house – boasting a sizeable 17% of the local market share.
Meanwhile, it also executed the highest number of M&A deals – among them, the most high profile deals transacted in Malaysia in 2017.
Amid the ongoing talks of market consolidation by regional banks, the bank stood firm in 2017 with Credit Suisse attracting a significant amount of local new assets compared to the same time in the previous year.
Total assets under management were up close to 20% YoY, with revenue and pretax income increasing robustly during the period.
The bank has also shown itself to be a trusted player among clients across all its businesses – over 80% of the private banking new assets and 11 out of the 12 investment banking deals executed between 2016 and 2017 emanated from existing clients.
Credit Suisse attributes its success to the deep bench of senior bankers with long tenure dedicated to the market, as well as the active collaboration between its Malaysian corporate investment bank and its private banking services arms, and more broadly with its asset management and global markets division in Asia Pacific.
Credit Suisse is Asian Private Banker’s Best Private Bank – Malaysia International for 2017 – a win for the bank for the fourth year on a roll.
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