Credit Suisse Capital Metrics and Core Results 9M16
Swiss Universal Bank - Switzerland core to the strategy
-
Credit Suisse in a nutshell
Key
Priorities
Main
Initiatives
Drive
efficiency
Increase cost efficiency through optimized
footprint, automation and operational leverage
End-to-end accountability and responsibility over
Swiss costs and investments
Concentrate on Swiss-domiciled clients
20%
to 30%
IPO
Focus to
simplify
Relationship
managers
Invest in
brand
Further strengthening of brand and reputation in
Switzerland
Optimize
footprint
Empower
to grow
Focus on High-net-worth individuals and capture
synergies with mid/large SMEs by becoming the
"Bank for Entrepreneurs"
Exploit growth opportunities in UHNWI
Planning partial IPO of the Legal Entity Credit Suisse
(Schweiz) AG by the end of 20172
Expected positive group capital impact of roughly
CHF 2 to 4 bn including other management actions
Hire approx. 80 HNWI relationship managers
+30% UHNWI relationship managers
Converting approx. 45 branches into advisory branches
without teller
UHNWI
lending book
Double lending book and deal related revenues
Steadily increase mandates penetration³; increased
14ppt to 29% as of end 3Q16 compared to 15% as of
end 2014 primarily driven by Credit Suisse Invest
Mandates
penetration
Adjusted pre-tax income development1 in CHF bn
2.3
1.6
1.6
1.4
2014
2015
9M16
Ambition
2018
Cost/income ratio improvement from 68% to
approx. 56%
from 2014 base
2018 target
(U)HNWI (Ultra)-high-net-worth individuals. 1 Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix. 2 Market conditions permitting, any 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.
3 Advisory and discretionary mandates as percentage of total AuM, excluding AuM from the external asset manager (EAM) business.
CREDIT SUISSE
November 2016
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