|
|
|
Author: Jake Thomases
Source: Buy-Side Technology | 04 Jan 2012
Categories: Buy-Side Operations
Topics: Credit SuisseTech
Credit Suisse announced that it has received a broker-dealer license in Chile to provide wealth management services to locals.
As part of its Latin America and emerging markets growth strategy, Credit Suisse announced that it has received a broker-dealer license in Chile. As a result, it will enable the bank to provide high-net worth individuals in Chile with a spectrum of wealth management services locally.
According to Credit Suisse's 2010 World Wealth Report, absolute wealth in Latin America today is approximately $8 trillion, up from $3.3 trillion in 2000. Average wealth in Chile more than doubled from $10,000 per capita in 2000 to $25,000 in 2010.
"A local presence is a prerequisite for long-term success in the Chilean private banking market," says Andrea Cuomo, Credit Suisse country manager for Chile. "With our proximity to clients and the market, Credit Suisse is ideally positioned to provide wealthy individuals with direct access to both its long-standing local expertise and its global integrated banking network."
More from Buy Side Technology
Related Articles
Latest Media
Events
Updating your subscription status 
Subscribe to WatersTechnology
WatersTechnology has been designed with our end-users in mind so now you can pick and choose what content you wish to subscribe to and make considerable savings.
Visit our subscribe page now to see which WatersTechnology subscription package suits you.
Events
Training
Email Alerts
Latest Whitepapers
New regulations such as Basel III are changing trading and risk practices by rewarding banks that actively manage their risk exposure at an enterprise...
Supporting multiple securities identifiers imposes an operational burden that adds cost and latency to critical trading processes. Bloomberg’s recently...
Visitor comments Add your comment