2021 Investor Day
Financial goals for our new divisions for 2022-2024
Key strategic initiatives
Key financial goals²
Accelerate growth in
1
Wealth Management
2
3
Reshape the
Investment Bank
Continue to develop
the Swiss Bank
Grow core
4
Asset Management
Deliver Group
productivity cost
5
savings to release
investment resources
☐
Expand UHNW and Upper HNW;
accelerate growth in Core HNW
■ Invest and further scale ~20 priority markets;
exit 10 non-core markets
~
Leverage investment, financing, advisory and
capital markets solutions
Exit Prime Services¹, optimize Corporate Bank and
reduce GTS businesses without strong WM-nexus
Invest in capital-light Advisory and leading Credit
business
Continue to differentiate GTS to support WM
■ Drive digital model for retail and SME clients
Strengthen collaboration with IB, GTS and AM
for corporate and institutional clients
◉
Expand core operating businesses
■ Invest in distribution capabilities
■ Reduce I&P RWA portfolio by ~40%
■ Streamline with new organizational structure
Unify IT and Operations functions across the bank
■ Enhance focus on centralized procurement and
organizational structure incl. spans & layers
† RoRC is a non-GAAP financial measure, see Appendix. Based on the average of 13.5% of RWA and 4.25% of Leverage
Invest
CHF-3 bn of capital³
over 2021-2024,
a~25% capital increase
Release
USD >3 bn of capital³
over 2021-2022,
a~25% capital reduction;
from 2023 invest capital for growth
CIR in low 50s
in 2024
CHF
1.1 trn AuM
by 2024
CHF
1.6 trn CBV
by 2024
RORC >12%
in 2024
RoRC+ >12%
in 2024
CIR -75%
in 2024
RoRC+ >45%
in 2024
CHF
Deliver
1.0-1.5 bn of annual
structural cost savings to invest for growth
by 2024
1 With the exception of Index Access and APAC Delta One 2 On an adj. excl. significant items basis 3 Based on the avg. of 13.5% of RWA and 4.25% of Leverage Exposure 4 Aspiration measured using adj. operating expenses, excl. significant items, at constant 2021 FX rates, progressively
increasing from 2022-2024
CREDIT SUISSE
2021 Investor Day
November 4, 2021
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