Credit Suisse plans to reorganize the rich client wealth management unit

The Swiss bank Credit Suisse will reorganize the asset management division of wealthy clients to provide regional structures with more freedom in decision-making, Bloomberg writes with reference to informed sources. The number of regional offices in the subdivision will be increased from 4 to 7. Individual regions with their leaders with large autonomy will be Latin America, Brazil, Western Europe, Southern Europe, Middle East, Africa, Central and Eastern Europe. According to the estimates of the bank, the adjusted profit of the unit in 2018 will reach 1 billion 800 million Swiss kroner.

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