CSPB opens global centre in Singapore

Singapore will be home to the new CSPB global centre.

Credit Suisse Private Banking is to launch a global centre in Singapore to pamper wealthy clients.

This content was published on December 10, 2001 - 12:13

The new centre, available to clients worldwide from January, offers access to a comprehensive range of online and offline services around the world.

Private banking is usually reserved for people with at least $1 million (SFr1.66 million) invested in stocks, bonds and other financial instruments.

The new centre will provide access to bankers who speak 20 different languages and dialects, a state-of-the-art Internet platform that permits access to 19 stock exchanges and trading in over 1,000 mutual funds.

A CSPB statement on Monday said the centre would also offer customised market data, news updates, easy to use financial simulation tools and a range of non-financial lifestyle products and services.

"The Global Private Banking Centre is the first to provide clients worldwide with 'anytime, anywhere' access to the full range of private banking services," CSPB chief executive officer Oswald Grübel told a news conference in Singapore.

"This one-of-a-kind offering typifies Credit Suisse Private Banking's commitment to its clients and keeps us at the forefront of multi-channel, open-architecture private banking developments," he added.

CSPB regional CEO Alex Widmer commented that the centre gave a strategic advantage to the bank's worldwide capabilities.

"Singapore's political stability, its strong regulatory environment, its world-class IT infrastructure and its talented multi-national workforce make it the perfect place to develop this new private banking model," he commented.

swissinfo with agencies

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