Learn more about how Statista can support your business. Although it remains to be seen if the discounted purchase will ultimately be a good deal, asset inflows are set to surge. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. As of the end of 2021, Credit Suisse had assets under management (AUM) of 1.6 trillion CHF (about $1.75 trillion), making it the second-largest bank in Switzerland after UBS. I have not taken any decision. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. . The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Following the publication of its 1Q22 Earnings Release on April 27, 2022, Credit Suisse Group today published its 1Q22 Financial Report. Covid-linked disruptions impacted asset acquisition and slowed down client decision-making. A new Credit Suisse report, "Build for the future - A guide to sustainable portfolio construction," makes the case that the industry is far more mature than many realize. Kinner Lakhani, Investor Relations, Credit Suisse Gottstein said Credit Suisse was also reviewing its broader operations in Eastern Europe. The website did not break out assets under management for the U.S. business. Credit Suisse Group AG is a leading Swiss investment bank and international financial services provider with presence in around 50 countries. According to the Mondays earnings release, the capital outflows have moderated but not yet reversed or changed as per the date of the report. In the US, where Credit Suisse has no onshore wealth management presence, Bank of America, Morgan Stanley, and other leading local private banks are sizable enough to challenge the combined entity. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. See here for a complete list of exchanges and delays. *The country of origin is defined in your browser settings and may not be identical with your citizenship and/or your domicile. Yet outside of the US the disparity in size is glaring, and within the Swiss market competitive issues are unavoidable. The 2021 Annual Report contains a detailed presentation of the Groups structure, corporate governance, treasury and risk management framework, as well as the 2021 Compensation Report. Download the 1Q22 Financial Report >. *The country of origin is defined in your browser settings and may not be identical with your citizenship and/or your domicile. The assets under the management also declined as the Credit Suisse reported the net asset outflows of CHF 111 billion ($124 billion) for the fourth quarter in 2022. Additionally, it includes a review of the Groups operating and financial results accompanied by its audited financial statements for the year ending December 31, 2021. Available: https://www.statista.com/statistics/909870/switzerland-leading-asset-managers-by-assets-under-management/, Leading asset managers headquartered in Switzerland in 2021, by global (AUM) assets under management, Immediate access to statistics, forecasts & reports, Total assets under management in Europe 2011- Q3 2022, Asset classes distribution on the market in Europe 2021, Estimated total household wealth held in Europe 2021, by household type, Estimated household wealth held in investable assets in Europe 2021, by investor type, Share of clients accounting for AUM in Europe 2017-2021, by client type, Assets market share of institutional clients vs retail clients in Europe 2013-2021, Institutional clients on assets management market in Europe 2021, Financial professionals' view of client priorities in Europe 2022-2025, Total financial assets in Europe 2021, by management type, Assets under management allocation in Europe in 2021, Portion of assets managed internally by insurer firms in Europe 2022, by country, Portion of assets managed by third-party asset managers Europe in 2011 and 2021, Share of discretionary mandates and investment fund AUM in Europe 2021, by country, Net AUM of investment funds domiciled in Europe 2021, Discretionary mandate assets & investment funds market share in Europe 2021, AuM growth of financial firms in Europe 2020-2021, Actions by financial professionals to grow revenue Europe 2022 with a 2025 forecast, Digital maturity of financial professionals in Europe 2022, Projected significance of technology on wealth management in Europe 2025, Number of people employed directly by asset management firms in Europe 2021, Projected trends to impact the financial industry by professionals in Europe 2025, Total expenses of third-party asset managers in Western Europe 2011-2021 by cost type, Projected importance of financial products and solutions in Europe 2022-2025, Value of investment fund assets in Europe 2021, by country, AUM of investment funds managed in Europe 2021, by country, Selected countries share in discretionary mandates total AuM in Europe 2016-2021, Selected countries share in discretionary mandates total AuM Europe 2021, by country, Number of asset managers in Belgium, Luxembourg and the Netherlands 2009-2021, Leading Swiss headquartered asset managers 2021, by assets under management, Leading Spanish headquartered asset managers 2019, by assets under management, Leading Irish headquartered asset managers 2019, by assets under management, Leading UK headquartered asset managers 2022, by assets under management, Leading French headquartered asset managers 2018, by assets under management, Largest alternative asset managers in Europe in 2016, by pension fund assets, Largest alternative asset managers in Europe in 2016, by fund of funds assets, Largest alternative asset managers in Europe in 2016, by bank assets, Largest alternative asset managers in Europe in 2016, by value of assets, Largest alternative asset managers in Europe in 2016, by insurance assets, Largest alternative asset managers in Europe in 2016, by sovereign wealth fund assets, Leading ten firms share of net assets under management in UK in 2013-2014, Net revenue of asset management sector worldwide 2013, Leading twenty firms share of net assets under management in the UK in 2013 and 2014, Hedge funds: liquidity of portfolio of the UK assets in 2014, Leading asset/wealth management banks worldwide in 2017, by brand value, Costs of asset management sector worldwide 2013, Investments of high-net-worth individuals, Leading asset managers headquartered in Switzerland in 2021, by global (AUM) assets under management (in billion U.S. dollars), Find your information in our database containing over 20,000 reports. Westpac to block cryptocurrency to prevent scam losses, Cybersecurity innovation: Leading companies in voice-based payer/payee authentication for the banking industry, UBP snaps up Angel Japan Asset Management, Tech for good: How Scottish fintech companies are relieving the cost of living crisis, How quantum technologies will transform fintech, Grow your asset finance arm with high-functioning origination capabilities, Competitor Profile: Bank of America Wealth Management, Credit Suisse Private Banking - Competitor Profile, BNY Mellon to open global digital R&D hub in Dublin, William Blair grows its US private wealth teams, Swedish bank Handelsbanken sells to Finnish firms. Todays published reports include information on topics subject to shareholder approval, including proposals on Board of Directors and Executive Board compensation and the proposed dividend for the financial year 2021. Strategies and solutions Fixed Income Credit Suisse employs approximately 50,110 people. "We have roughly 4% of our assets under management in wealth management with Russian clients, be they Russian-domiciled or Russian nationals who live in the West," Gottstein said. The report added that private equity firms will be likely bidders. 31 May 2023 Private Banking Private Wealth Sponsored APB Thought Leaders: Credit Suisse's key differentiators in the region Private Banking Private Wealth Exclusive How is HSBC GPB doing in onshore China one year after "landmark" launch? Oct 17 (Reuters) - Credit Suisse Group AG (CSGN.S) recently launched a process that could see its U.S. asset management arm sold, a source familiar with the matter said on Monday, as the troubled Swiss bank seeks to reshape its business after multiple scandals. Further details will be published with the invitation and agenda for the 2022 AGM, which will be sent to shareholders and available on the Credit Suisse website approximately one month prior to the event at: www.credit-suisse.com/agm. Although Swiss rival UBS outdid itself in net new money ($26.4 billion, up from $25 billion in 2020), this was not enough to offset a $39 billion plunge in invested assets to $521 billion. The English language version of this document is the controlling version. Wealth management solutions include preserving, accumulating, or transferring wealth. All publications are available for download as of 06:45 CET today at https://www.credit-suisse.com/ar where hard copies can also be ordered free of charge. In a world where change is accelerating, we take an entrepreneurial approach to finding investment opportunity. The private banking arm of Deutsche Bank whose Asia CEOAlexander von zur Muehlensits in Singapore instead of Hong Kong where its predecessor resided was the top growth leader amongst the pack with a 13 percent increase in Asia AUMs on a constant currency basis to 69.7 billion euros ($78.9 billion). Following an order issued by the Swiss Finance Ministry, senior managers at Credit Suisse are having their outstanding bonus payments for 2022 either cancelled or cut, a move which contributed to . Credit Suisse employs some 125 people in its Moscow office across investment banking, wealth management and other operations. Switzerland's second-biggest bank managed some 1.6 trillion Swiss francs in assets as of end-2021, 827 billion francs of which were related to its wealth management businesses. It's a very serious situation," Gottstein said during Morgan Stanley's European Financials Conference in London, referring to the impacts of Russia's invasion of Ukraine. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Julius Baer epitomized this best with a multi-pronged onshore strategy for various markets throughout the region, which was a key contributor to its 6 percent increase in AUMs to $159 billion in 2021. This includes only AuM balances from managed solutions that to date have been mapped to a sustainability rating of 2 and higher, based on the Framework scale (0-5). The Credit Suisse Annual General Meeting (AGM) on April 29, 2022, will be held in a virtual format without the personal attendance of shareholders and will be broadcast live on the internet. the ability to maintain sufficient liquidity and access capital markets; market volatility, increases in inflation and interest rate fluctuations or developments affecting interest rate levels; the ongoing significant negative consequences of the Archegos and supply chain finance funds matters and our ability to successfully resolve these matters; our ability to improve our risk management procedures and policies and hedging strategies; the strength of the global economy in general and the strength of the economies of the countries in which we conduct our operations, in particular the risk of negative impacts of COVID-19 on the global economy and financial markets and the risk of continued slow economic recovery or downturn in the EU, the US or other developed countries or in emerging markets in 2022 and beyond; the emergence of widespread health emergencies, infectious diseases or pandemics, such as COVID-19, and the actions that may be taken by governmental authorities to contain the outbreak or to counter its impact; potential risks and uncertainties relating to the severity of impacts from COVID-19 and the duration of the pandemic, including potential material adverse effects on our business, financial condition and results of operations; the direct and indirect impacts of deterioration or slow recovery in residential and commercial real estate markets; adverse rating actions by credit rating agencies in respect of us, sovereign issuers, structured credit products or other credit-related exposures; the ability to achieve our strategic goals, including those related to our targets, ambitions and financial goals; the ability of counterparties to meet their obligations to us and the adequacy of our allowance for credit losses; the effects of, and changes in, fiscal, monetary, exchange rate, trade and tax policies; the effects of currency fluctuations, including the related impact on our business, financial condition and results of operations due to moves in foreign exchange rates; geopolitical and diplomatic tensions, instabilities and conflicts, including war, civil unrest, terrorist activity, sanctions or other geopolitical events or escalations of hostilities; political, social and environmental developments, including climate change; the ability to appropriately address social, environmental and sustainability concerns that may arise from our business activities; the effects of, and the uncertainty arising from, the UKs withdrawal from the EU; the possibility of foreign exchange controls, expropriation, nationalization or confiscation of assets in countries in which we conduct our operations; operational factors such as systems failure, human error, or the failure to implement procedures properly; the risk of cyber attacks, information or security breaches or technology failures on our reputation, business or operations, the risk of which is increased while large portions of our employees work remotely; the adverse resolution of litigation, regulatory proceedings and other contingencies; actions taken by regulators with respect to our business and practices and possible resulting changes to our business organization, practices and policies in countries in which we conduct our operations; the effects of changes in laws, regulations or accounting or tax standards, policies or practices in countries in which we conduct our operations; the discontinuation of LIBOR and other interbank offered rates and the transition to alternative reference rates; the potential effects of changes in our legal entity structure; competition or changes in our competitive position in geographic and business areas in which we conduct our operations; the ability to retain and recruit qualified personnel; the ability to protect our reputation and promote our brand; the ability to increase market share and control expenses; technological changes instituted by us, our counterparties or competitors; the timely development and acceptance of our new products and services and the perceived overall value of these products and services by users; acquisitions, including the ability to integrate acquired businesses successfully, and divestitures, including the ability to sell non-core assets; and. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Credit Suisse Asset Management . The information we post on these social media accounts is not a part of this document. Credit Suisse makes strong progress on Group strategic priorities; reports net revenues of CHF 3.1 bn and pre-tax loss of CHF 1.3 bn along with a CET1 ratio of 14.1% in 4Q22 "2022 was a crucial year for Credit Suisse. The industry leader for online information for tax, accounting and finance professionals. Interestingly, Deutsche Bank had even reportedly considered buying parts of Credit Suisse before a strategic overhaul announced in 2022. finews.com publishes on its own Web-TV-Channel interviews with well-known figures of Swiss finance. We identify investment opportunities taking an entrepreneurial approach. Cautionary statement regarding forward-looking information. As soon as this statistic is updated, you will immediately be notified via e-mail. Yet outside of the US the disparity in size is glaring, and within the Swiss market competitive issues are unavoidable. Further information about Credit Suisse can be found at www.credit-suisse.com. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In addition, in the future we, and others on our behalf, may make statements that constitute forward-looking statements. That said, sustainable and impact investing still represents novel territory for many . Credit Suisse employs approximately51,030 people. We also routinely use our Twitter account @creditsuisse (https://twitter.com/creditsuisse), our LinkedIn account (https://www.linkedin.com/company/credit-suisse/), our Instagram accounts(https://www.instagram.com/creditsuisse_careers/ andhttps://www.instagram.com/creditsuisse_ch/), our Facebook account (https://www.facebook.com/creditsuisse/) and other social media channels as additional means to disclose public information, including to excerpt key messages from our public disclosures. "We're now reviewing the situation. Accessed June 02, 2023. https://www.statista.com/statistics/909870/switzerland-leading-asset-managers-by-assets-under-management/, Thinking Ahead Institute. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2023, Quarterly smartphone market share worldwide by vendor 2009-2023, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. Nvidia's market capitalization jumped by almost USD 200 billion on, According to the banks latest report on the. Despite persistent outflows in 2022 when the global wealth unit's AuM fell 27 percent to 723.4 billion Swiss francs ($778.2 billion), the soon-to-be-defunct lender is still a . Ltd.), We use cookies to enhance your experience. to incorporate the statistic into your presentation at any time. Tel: +41 44 333 71 49 Gainers & Losers Fri May 19 2023 15:55:54 Top Gainers Top Losers Tata Motors 524.75 3.22% Tech Mahindra 1,072. When evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties and events, including the information set forth in Risk factors in I Information on the company in our Annual Report 2021. Credit Suisse Asset Management Wed 20 Apr, 2022 - 9:17 AM ET CSAM's credit investments group has been an active manager of bank loans since its inception in 1997; as of Dec. 31, 2021, it had $69.6 billion in global assets under management (AUM), most of which is invested in syndicated loans, with a smaller proportion in high-yield bonds and . The 1Q22 Financial Report is available for download from 06:45 CEST today: This was followed by Credit Suisse, with AUM of over 575 billion USD. All quotes delayed a minimum of 15 minutes. The Sustainability Report includes progress made against disclosures that take into account both the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD). The increase in the 10-year Singapore government bond yield from 1.7% to 3.08% was the key drag on SREITs' returns, but the retreat in yield since October, in tandem with US Treasury yields as inflation expectations decline, suggests a more benign . assumptions underlying any such statements. finews.asiatakes a look at some of thepotentialbeneficiaries of fleeing assets. Business Solutions including all features. And as of end-2022, UBS will also have more resources to target the sub-region after completing an 18-month plan to add 300 staff in Singapore, asper a June 2020 announcement. When evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties and events, including the information set forth in Risk factors in I Information on the company in our Annual Report 2021. Hong Kong was hit with a double whammy of continued political uncertainty and tightening Covid-related restrictions. 2022 Annual Report (PDF) 2022 Consolidated financial statements - Credit Suisse (PDF) Of the many unique traits of private banking clients in the region, one of the most renowned is the tendency towards home bias, characterized by a high concentration of investments in familiar local names. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Thinking Ahead Institute. finews.asia reviews some of the private banks in the region that could be potential beneficiaries of Credit Suisses historic exit. Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. This statistic is not included in your account. Credit Suisse Asset Management offers a wide range of investment products and functions across asset classes and investment styles. Visit your regional site for more relevant services, products and events. other unforeseen or unexpected events and our success at managing these and the risks involved in the foregoing. (October 13, 2022). Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Add bookmark to reading list Print. Could we see selected divestments or managing down, beyond the strategy alluded to in UBSs announcement of the Credit Suisse acquisition? Thursday May 25, 2023 12:07 pm. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. . As a Premium user you get access to background information and details about the release of this statistic. In those same two years, 2021s top 10 private banks in Asia posted 8.7 and 6.3 percent AUM growth, respectively, according to finews.asia data. Contact details Factors beyond our control, including but not limited to the market and economic conditions (including macroeconomic and other challenges and uncertainties, for example, resulting from the COVID-19 pandemic), changes in laws, rules or regulations and other challenges discussed in our public filings, could limit our ability to achieve some or all of the expected benefits of these initiatives. The combined AuM of Credit Suisses and UBSs Swiss operations was $779bn at the end of 2022, while their nearest rival Julius Baer managed $64bn from Swiss-domiciled clients (the best approximate comparison). ZURICH, March 15 (Reuters) - Credit Suisse (CSGN.S) is reviewing its operations in Russia, Chief Executive Thomas Gottstein said on Tuesday, as he detailed tens of billions of dollars in assets managed for wealthy Russian customers. Microsoft has joined other big tech companies in turning to layoffs to overcome the more challenging times. Building an Innovative Financial Technology Ecosystem in Scotland, AI in private banking: big change is coming, Singaporean wealth management fees are set for weak growth in 2023. ZURICH, May 23 (Reuters) - Credit Suisse senior managers will have their outstanding bonus payments for 2022 either cancelled or reduced following an order issued on Tuesday by the Swiss Finance . As a Premium user you get access to the detailed source references and background information about this statistic. Within Asia, Credit Suisse is the second largest private bank at the end of 2021 with $239.5 billion in assets under management (AUM), according to finews.asia data. Exclusive news, data and analytics for financial market professionals, Reporting by Brenna Hughes Neghaiwi, editing by Silke Koltrowitz, US telecom companies say not in talks with Amazon for wireless services, OPEC+ discussing deepening oil production cuts, sources say, Volkswagen brings VW bus back to North American market after 20 years, India's Tata Group signs $1.6 billion EV battery plant deal, American Airlines aviators reject merger with world's largest pilots' union, Citigroup CEO says Mexico IPO is best for shareholders, other sales going well, Illumina expands board after fight with Icahn, Logs show Fed's Powell in whirlwind of meetings during March banking turmoil, Boeing CEO says fixing supply chain constraints is 'frustratingly slow'. The executives among the biggest asset managers cashed in on big bonuses for purely . Access innovative solutions across all asset classes and investment styles. The Credit Suisse Annual General Meeting (AGM) on April 29, 2022, will be held in a virtual format without the personal attendance of shareholders and will be broadcast live on the internet. A noteworthy growth driver has been the emergence of Singapore-based China bankers which became increasingly in demand in the wake of the Hong Kong protests in 2019. REUTERS/Arnd Wiegmann/File Photo. Visit your regional site for more relevant services, products and events. [Online]. Benefit from our experience. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. our future economic performance or prospects; the potential effect on our future performance of certain contingencies; and. assumptions underlying any such statements. You only have access to basic statistics. A paid subscription is required for full access. Oct 17 (Reuters) - Credit Suisse Group AG (CSGN.S) recently launched a process that could see its U.S. asset management arm sold, a source familiar with the matter said on Monday, as the. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Copyright 1997 - 2023 CREDIT SUISSE GROUP AG and/or its affiliates. Chinese equities suffered even more severe turbulence in 2015 after the Shanghai Composite Index nearly halved from its peak level and followed up with the circuit breaker failure that saw the index lose another quarter in early 2016. During a March 19 investor call, CEORalph Hamershighlighted Credit Suisses complementary Southeast Asia wealth business when placed next to UBSs more Greater China-focused business. Copyright 1997 - 2023 CREDIT SUISSE GROUP AG and/or its affiliates. Cautionary statement regarding forward-looking information. Information referenced in this document, whether via website links or otherwise, is not incorporated into this document. Deutsche Bank's International Private Bank (IPB) unit could be one of the key frontrunners to scoop up asset outflows in Asia from the UBS-CS merger. Following the publication of its 1Q22 Earnings Release on April 27, 2022, Credit Suisse Group today published its 1Q22 Financial Report. Credit Suisse has announced its Q1 2023 financial results, highlighting a pre-tax income of CHF 12.8 billion ($14.1 billion) and a CET1 capital ratio of 20.3%. The American private banks Asia AUMs grew 10.2 percent to $135.5 billion in 2021. While Gottstein did not provide an updated tally for current assets under management, 4% of the year-end wealth management figure would amount to some 33 billion Swiss francs ($35.17 billion) in assets associated with wealthy Russian customers. At present, there is no way of knowing. Email: [email protected]. Now Credit Suisse Shareholders Are After UBS, Credit Suisse Throws UBS a Few Curves in China, Credit Suisse Loses Against Georgian Oligarch in Singapore, The Second Wave At Credit Suisse Is About to Roll, WongPartnership Eyes Another AT1 Suit in Singapore, Deutsche Bank Hires Southeast Asia Vice Chair, Prudential CFO Resigns After Conduct Probe, Florin Baeriswyl: How Generation Z is shaping financial products, Julius Baer Launches Multi-Sensory Experience in Singapore, Singapore Favors Luxury Watches as Alternative Investment, finews.asia Releases Private Banking AUM League Table, UBS: Geopolitics is Top Worry for Asia Family Offices, Hong Kong Insurance Sales to China Visitors Spikes, MAS Issues Major Payment License toCrypto.com, Value Partners Welcomes Strategic Shareholder, de-risking exercise in its wealth business since April 2021, ambitions for its joint venture with Siam Commercial Bank. As the acquirer, UBS Global Wealth Management will look to retain assets as the first offensive. On 7 February 2022, it was announced that Credit Suisse would be tried in the first criminal trial of a major bank in Switzerland Profit from the additional features of your individual account. Such forward-looking statements may include, without limitation, statements relating to the following: Words such as believes, anticipates, expects, intends and plans and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. We caution you that a number of important factors could cause results to differ materially from the plans, targets, goals, expectations, estimates and intentions expressed in such forward-looking statements and that the ongoing COVID-19 pandemic creates significantly greater uncertainty about forward-looking statements in addition to the factors that generally affect our business. All rights reserved. Clients will be met with familiar faces after the German wealth manager hired numerous ex-Credit Suisse private bankers including Jin Yee Young,Johanes Oeni, Stella Lau and more. . Climate change and . Credit Suisse common shares are traded on the SIX Swiss Exchange and the New York Stock Exchange (NYSE) under the ticker symbols CSGN and CS, with a market capitalization of approx. Assets and asset growth rate of Credit Suisse 2005-2022. Poor sentiment and an even poorer outlook are the culprits as clients are not only retreating on their own but banks are also actively discouraging them from adding risk to portfolios. investment hubs 409 bn EUR in AuM (Assets under Management) ~395 investment funds Investment possibilities What are family offices planning for the future? Here are the 50 Largest Banks in Europe (2022): HSBC Holdings PLC, UK - 2597.14 billion BNP Paribas SA, France - 2554.20 billion Crdit Agricole Group, France - 2,351.61 billion Barclays PLC, UK - 1,648.16 billion Banco Santander SA, Spain - 1,595.84 billion Groupe BPCE, France - 1516.02 billion Socit Gnrale SA, France - 1,464.45 billion Use Ask Statista Research Service, Leading German headquartered asset managers 2021, by assets under management, Leading Italian headquartered asset managers 2021, by assets under management, Number of asset managers in Europe in 2021, by country, Leading Austrian headquartered asset managers 2021, by assets under management, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. Credit Suisse Group AG owns 100% of Credit Suisse AG (Bank), the principal operating subsidiary. Credit Suisse, for example, said in its latest first-quarter results that it has been undergoing a de-risking exercise in its wealth business since April 2021, underlining notable concentration risk in Asia where it reported a 1.1 percent AUM decrease to 218.8 billion Swiss francs ($239.5 billion) and a net outflow of 1.1 billion francs in 2021. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Oct 07, 2022 2 minute read. ", Thinking Ahead Institute, Leading asset managers headquartered in Switzerland in 2021, by global (AUM) assets under management (in billion U.S. dollars) Statista, https://www.statista.com/statistics/909870/switzerland-leading-asset-managers-by-assets-under-management/ (last visited June 02, 2023), Leading asset managers headquartered in Switzerland in 2021, by global (AUM) assets under management (in billion U.S. dollars) [Graph], Thinking Ahead Institute, October 13, 2022. In, Thinking Ahead Institute. If you are an admin, please authenticate by logging in again. Green Tech is the new normal as adopted by the world to save environment. "We will see over the coming months what it means for our operations. the ability to maintain sufficient liquidity and access capital markets; market volatility, increases in inflation and interest rate fluctuations or developments affecting interest rate levels; the ongoing significant negative consequences of the Archegos and supply chain finance funds matters and our ability to successfully resolve these matters; our ability to improve our risk management procedures and policies and hedging strategies; the strength of the global economy in general and the strength of the economies of the countries in which we conduct our operations, in particular the risk of negative impacts of COVID-19 on the global economy and financial markets and the risk of continued slow economic recovery or downturn in the EU, the US or other developed countries or in emerging markets in 2022 and beyond; the emergence of widespread health emergencies, infectious diseases or pandemics, such as COVID-19, and the actions that may be taken by governmental authorities to contain the outbreak or to counter its impact; potential risks and uncertainties relating to the severity of impacts from COVID-19 and the duration of the pandemic, including potential material adverse effects on our business, financial condition and results of operations; the direct and indirect impacts of deterioration or slow recovery in residential and commercial real estate markets; adverse rating actions by credit rating agencies in respect of us, sovereign issuers, structured credit products or other credit-related exposures; the ability to achieve our strategic goals, including those related to our targets, ambitions and financial goals; the ability of counterparties to meet their obligations to us and the adequacy of our allowance for credit losses; the effects of, and changes in, fiscal, monetary, exchange rate, trade and tax policies; the effects of currency fluctuations, including the related impact on our business, financial condition and results of operations due to moves in foreign exchange rates; geopolitical and diplomatic tensions, instabilities and conflicts, including war, civil unrest, terrorist activity, sanctions or other geopolitical events or escalations of hostilities; political, social and environmental developments, including climate change; the ability to appropriately address social, environmental and sustainability concerns that may arise from our business activities; the effects of, and the uncertainty arising from, the UKs withdrawal from the EU; the possibility of foreign exchange controls, expropriation, nationalization or confiscation of assets in countries in which we conduct our operations; operational factors such as systems failure, human error, or the failure to implement procedures properly; the risk of cyber attacks, information or security breaches or technology failures on our reputation, business or operations, the risk of which is increased while large portions of our employees work remotely; the adverse resolution of litigation, regulatory proceedings and other contingencies; actions taken by regulators with respect to our business and practices and possible resulting changes to our business organization, practices and policies in countries in which we conduct our operations; the effects of changes in laws, regulations or accounting or tax standards, policies or practices in countries in which we conduct our operations; the discontinuation of LIBOR and other interbank offered rates and the transition to alternative reference rates; the potential effects of changes in our legal entity structure; competition or changes in our competitive position in geographic and business areas in which we conduct our operations; the ability to retain and recruit qualified personnel; the ability to protect our reputation and promote our brand; the ability to increase market share and control expenses; technological changes instituted by us, our counterparties or competitors; the timely development and acceptance of our new products and services and the perceived overall value of these products and services by users; acquisitions, including the ability to integrate acquired businesses successfully, and divestitures, including the ability to sell non-core assets; and. Profits and assets tumbled at some of the UK's biggest fund groups but a focus on action to bolster women in senior ranks and link ESG targets to work-from-home arrangements has lifted bonuses for top bosses. The Bank's annual report is combined with the annual report of the Group and includes the consolidated and parent company financial statements of the Bank. Your presentation at any time media accounts is not incorporated into this document is the controlling version certain... Support your business the Release of this document 135.5 billion in 2021 - 2023 Credit Suisse.. Future performance of certain contingencies ; and solutions Fixed Income Credit Suisse Group AG owns 100 % Credit. June 02, 2023. https: //www.statista.com/statistics/909870/switzerland-leading-asset-managers-by-assets-under-management/, Thinking Ahead Institute kinner Lakhani, Investor,! Big tech companies in turning to layoffs to overcome the more challenging times glaring, industry... 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An admin, please authenticate by logging in again highly-customised workflow experience on desktop, web and mobile research! Overcome the more challenging times Covid-related restrictions it means for our operations solutions include preserving, accumulating, transferring! An admin, please authenticate by logging in again, sustainable and impact investing still represents novel territory for.... Information about Credit Suisse Group today published its 1Q22 financial Report is a leading Swiss investment bank international... Background information and details about the Release of this statistic prospects ; the potential effect our. And others on our behalf, may make statements that constitute forward-looking statements portfolio of and! Among the biggest asset managers cashed in on big bonuses for purely AG is a Swiss. We, and industry defining technology provider with presence in around 50 countries and over 1 facts... 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