Awards for Distinction 2022 – Best International Private Bank – Australia

Best International Private Bank Australia


Credit Suisse

Best International Private Bank – Australia

Michael Marr

head of Wealth Management, Australia

This award reflects the quality of our whole Wealth Management team and their dedication to providing dynamic advice to clients across all asset classes.

What has never been more important — in view of the market volatility in 2022 — is the depth of what Credit Suisse can offer and its ability to draw on the strength of its global platform.

What was behind the judges’ decision?

  • During the period under consideration, Credit Suisse in Australia demonstrated the breadth and depth of its one-bank capabilities across investment banking and wealth management. Among the case studies in 2022 were two Australian stock market listings, a private jet financing deal, two private yacht financing deals, and various public and private debt financing deals
  • Credit Suisse has highlighted its commitment to the Australian market with a number of key hires over the last 12 months. These include four new RMs, a head of discretionary portfolio management (DPM) for Australia, as well as a local head of wealth planning
  • While AUM in Australia fell during the period under consideration, the bank was able to book a strong rise in net interest income and overall revenue, as it capitalised on higher interest rates to build out a strong book of Lombard-lending solutions

What we said

In its more than 15 years operating in Australia, Credit Suisse has consistently placed its clients in the country at the core of everything it does — from tailored advisory and solutions throughout the wealth lifecycle, to its global platform that makes the most of the Swiss bank’s full range of capabilities, said Carly Lau, reporter, Asian Private Banker, and member of the 12th Awards for Distinction judging panel.

All that turned out to be prescient during the volatility of 2022, when Credit Suisse’s model of focusing on advised assets proved resilient amid the turbulence. For these reasons and more, Asian Private Banker is honoured to name Credit Suisse Best International Private Bank – Australia at the 12th Awards for Distinction.

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