Awards for Distinction 2022 – Best Private Bank – Equity Advisory

Best Private Bank Equity Advisory

 

Credit Suisse

Best Private Bank – Equity Advisory

Emmanuel Triomphe

head of WM Markets Solutions APAC

Receiving this award for the second year in a row is an honour as well as a stamp of approval to our sustained effort in providing the best-in-class equity advisory service to clients. Our client-centric communication model is the core belief that drives us to create value to clients in all market environments.

Our experienced team of equity advisors helped clients reduce exposure and hedge the portfolio during challenging conditions, and made active investment advice. Through our tailor-made solutions and timely market updates, we have been — and will continue to be — clients’ trusted investment partner.

What was behind the judges’ decision?

  • During the period under consideration, Credit Suisse made several bold equity market calls that turned out to be extremely prescient, generating significant outperformance for clients. These included warning of the risks of war in Europe in January 2022 and urging clients to buy energy-related names as a result. In May, the bank told clients to buy a two-month, fixed-coupon note tied to Chinese tech names, which ultimately generated a 40% annualised yield
  • Because of the challenging market conditions for long positions in 2022, Credit Suisse demonstrated a strong willingness to innovate in derivatives and hedging ideas. For example, the bank traded a substantial notional value in bearish decumulators and twin-win products (which allow clients to benefit from downside but also to a certain extent any upside) during the period under consideration for the Awards for Distinction. In addition, Credit Suisse’s market-leading trading platform allowed clients to enjoy fast pricing quotations, swift execution and competitive pricing
  • While Credit Suisse’s equity advisory in Asia-Pacific business suffered a decline in overall revenues amid market volatility, in relative terms its performance in this regard was one of the stronger among private banks in the region. In addition, its hit rate for equity ideas (i.e. the proportion of those with a positive return after 12 months) was one of the best in Asia-Pacific

What we said

In periods of pronounced equity market volatility like we experienced in 2022, wealth clients rely on timely and adroit advice more than ever. And it was in this regard that Credit Suisse’s equity advisory really came into its own. Clients of the Swiss bank benefit from the best equity research from both the investment bank and wealth management, as well as Credit Suisse’s CIO House View, said Daniel Shane, editor, Asian Private Banker. “In addition to maintaining the high levels of client service the bank is known for through its direct access desk, Credit Suisse achieved one of the highest hit rates for its ideas during the period under consideration for the Awards for Distinction.

For these reasons, Asian Private Banker would like to congratulate everyone at Credit Suisse on their success in the category of Best Private Bank – Equity Advisory.

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