2021 Investor Day
Our Wealth Management growth strategy is expected to
deliver incremental recurring revenues of CHF >1 bn by 2024
Medium-term Aspirations
We are investing for growth...
CHF ~3 bn
capital redeployed to
Wealth Management over 2021-2024
RWA increase CHF ~20 bn
LE increase by CHF ~70 bn
...to support higher
AuM and CBV growth...
...and deliver significant revenue upside by 2024
AuM
CHF 1.1 trn
by 2024
from CHF 0.9 trn in 3Q21;
mid-single digit NNA CAGR
Incremental recurring
revenues of CHF >1 bn
Incremental commissions and fees
of CHF 0.5 bn vs. 2021
~500
increase in Relationship Managers
~15% increase over 2021-2024
Incremental net interest income
of CHF -0.7 bn vs. 2021
+~60%
IT spend² in 2024 vs. 2021E
Step-up in technology investments
CBV
CHF 1.6 trn
by 2024
from CHF 1.3 trn in 3Q21;
mid- to high-single digit CAGR
Our integrated model is
expected to drive higher
transaction-based revenues
1 Based on average of 13.5% RWA and 4.25% Leverage Exposure 2 Wealth Management total technology cash spend
CREDIT SUISSE
2021 Investor Day
November 4, 2021
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