Credit Suisse Capital Metrics and Core Results 9M16
Credit Suisse legal entity structure
Simplified
view1
Credit Suisse Group AG
Holding Company
Funding
Entity
2
1
Credit Suisse AG
Operating Bank with branches²
3
Appendix -3016
Evolution of Legal Entity structure
Incorporated Credit Suisse (Schweiz) AG, a wholly-
owned subsidiary of Credit Suisse AG
Received banking license on October 14, 2016
Expect the entity to start its business operations as an
independent Swiss bank on November 20, 2016
Planned partial initial public offering (20-30%) by
year-end 2017, market conditions permitting”
4
US
Holding Co4
UK
Subsidiary5
Swiss
Legal Entity
2
Started issuance of senior unsecured bail-in
instruments by a wholly-owned subsidiary of the
Group and guaranteed by the Group in 2015
Legal Entity program goals
3
Designed to meet future requirements for global recovery and resolution planning;
less complex and more efficient operating infrastructure for the bank
4
In support of FINMA's "single point of entry" bail-in strategy, debt will be issued
from Credit Suisse Group AG³.
Better aligns the booking of Investment Banking business on a regional
basis, from a client and risk management perspective
Newly established branch of Credit Suisse AG in
Dublin to become the primary hub for prime services
business in Europe
Credit Suisse Holdings (USA), Inc. established as
Intermediate Holding Company (IHC) in the US on
July 1, 2016, with the requisite capital, liquidity,
infrastructure and governance, including its newly
established board of directors
1 Organizational structure shows main operating entities only. The Credit Suisse legal entity program has been approved by the Board of Directors of Credit Suisse Group AG, but is subject to final regulatory approval. Implementation of the program is well
underway, with a number of key components to be implemented through to 2017. 2 Hub for Asia Pacific Investment Banking business in Singapore branch. 3 Funding may be issued either at the holding company level or at the level of an entity that will
be substituted by the holding company in a restructuring event. 4 US Service Co activities will be housed here. 5 Credit Suisse is planning that the business of its two principal UK operating subsidiaries (Credit Suisse Securities (Europe) Limited and
Credit Suisse International) will be consolidated into one single subsidiary. 6 In Switzerland, Credit Suisse has created a subsidiary for its Swiss-booked business (primarily wealth management, retail and corporate and institutional clients as well as the
product and sales hub in Switzerland). Swiss-booked business from International Wealth Management, Asia Pacific and Strategic Resolution Unit will remain in Credit Suisse AG. 7 Any such IPO would involve the sale of a minority stake and would be
subject to, among other things, all necessary approvals and would be intended to generate / raise additional capital for Credit Suisse AG or Credit Suisse (Schweiz) AG.
CREDIT SUISSE
November 2016
36View entire presentation