Credit Suisse Investor Event Presentation Deck
Relentless focus on driving down our cost base through key
transformation initiatives
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Non-Core Unit rundown and
business descoping
Reshaped Investment Bank
enables direct cost reduction and
rationalization of related Group
infrastructure
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Descoping of unprofitable
activities with more focused
business footprint, reduced legal
entities, reduced IT spend on
non-core businesses
▪ Reduction of internal services
and non-revenue producing roles
and lower complexity of
governance and processes
Organizational simplification
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Simpler organizational structure
with aim to eliminate duplication,
improve productivity
Remove complex and manual
processes, supported by
continued digitalization program
2,700 FTE reduction or 5% of
FTE base already underway. Full
financial impact will be reflected
in 2023
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Workforce management
Improved mix of near/offshored
resourcing, and optimized
combination of in/outsourcing
▪ Shift to more optimized 'spans
and layers' with improved
seniority mix
▪ 30% reduction in contractor
spend initiated in 2H22
Third-party cost management
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Investment Bank
Capital
Cost
Reset spend on all third parties
including consultancy, market
data, legal and property
Outsourced procurement model
to achieve market leading pricing
▪ 50% reduction on consultancy
spend initiated in 2H22
Efficiency savings to support strategic investments in business, technology and people
Risk management controls and standards continue to be prioritized
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