Credit Suisse has launched private banking operations in Moscow. It is one of the first international banks to offer onshore private banking services in Russia.
“We are highly committed to the Russian market and have been expanding our knowledge of the region for almost three decades,” says Maya Salzmann, the Market Area Head of Private Banking UK, International and Eastern Europe. “Credit Suisse believes that Russia offers considerable wealth creation opportunities as a result of its dynamic economic development.”
“As a global player with extensive local expertise, Credit Suisse is well positioned to meet the needs of Russian clients, who are increasingly looking for local access to global execution capabilities and comprehensive solutions that are tailored to their requirements,” adds Alexis Rodzianko, Head of Private Banking Moscow.
Initially, Credit Suisse will provide its private banking clients with access to Russian bond and equities markets as well as classic banking services, such as cash and deposit accounts.