CREDIT SUISSE AG, GUERNSEY BRANCH

Description:

Credit Suisse’s story stretches back to July 5, 1856, when the prominent politician, business leader, and pioneer Alfred Escher founded “Schweizerische Kreditanstalt.” The original purpose of the new bank known as SKA was to finance the expansion of the railroad network as well as the further industrialization of Switzerland. Fourteen years later, the bank’s first foreign representative office opened up in New York. In 1905, the bank’s first branch outside Zurich opened in Basel following the acquisition of Oberrheinische Bank.

What started off as a Swiss investment bank turned into a success story spanning over the next century and a half, with Credit Suisse gradually evolving into a leading global provider of financial services.

This development has been achieved through strong organic growth, supplemented by a series of significant mergers and acquisitions such as that of the US investment bank CS First Boston in 1990, the Swiss private bank Bank Leu in 1990, Switzerland’s fourth largest bank – Volksbank – in 1993, the Brazilian wealth manager Hedging-​Griffo in 2007, and Morgan Stanley’s wealth management businesses in Europe, Middle East, and Africa in 2013 to cite a few of the more recent deals.

This has involved the amalgamation of very different cultures, philosophies, and spheres of specialist knowledge, which has resulted in the creation of a strong integrated bank. As of 2006, the bank began operating as a globally active integrated universal bank providing comprehensive solutions to our clients in private banking, investment banking, and asset management.