Credit Suisse CFO David Mathers
ZURICH: Credit Suisse is looking to boost its wealth management business by building up its China onshore presence and expanding elsewhere in the Asia-Pacific region, Chief Financial Officer David Mathers told Reuters in an interview.
Referring to strong growth in Asia over the past years and the region's resilient recovery from the COVID-19 pandemic, Mathers said the group was looking to increase its interest in its securities joint venture to 100% "as soon as realistically possible" and expand through licenses to conduct other private banking business in the country.
"We are looking at what other license applications we can make in China to expand our onshore private banking interests," Mathers said.
"Clearly, we're also very interested in our activities around the Asia Pacific region, not just directly in China, but in other markets as well."
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