Adding to its current list of 12 offices, Credit Suisse announced that it will be opening a new office in California.
The new office will offer financial advisory services to wealthy southern California individuals and family groups as part of the banks effort to emphasize its presence on the west coast.
Credit Suisse, operating under the Private Banking USA flag, primarily targets the extremely wealthy for its banking services, offering them services usually set aside for institutional investors.
California, with an economy that would rank among the top ten in the world if it were an independent nation, offers a number of opportunities for large financial institutions.