Josh Rovner- Josh Rovner
Why Credit Suisse for Investment Banking? / Overview of Credit Suisse
Overview
Credit Suisse is a longstanding Swiss bulge bracket investment bank with additional services in asset management, wealth management, and private banking. The firm initiated its U.S. practice in 1988 with the acquisition of major investment bank First Boston, which operated as its own arm under Credit Suisse until 2006.
In 2022, Credit Suisse was named as the world's best investment bank in emerging markets due to its strong presence in the EMEA and APAC regions.
Credit Suisse named Ulrich Koerner as its new CEO in 2022. Credit Suisse is in the process of conducting a strategic review and may shrink its investment banking operations. These corporate changes follow difficult losses tied to the Bill Hwang / Archegos issues in 2021.
Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Credit Suisse, you should make sure you know:
1 deal that the investment banking group has done
1 person at the firm (ideally someone who would have influence over your recruiting process)
1 business model-specific detail to mention
We articulate how you can answer this question thoughtfully in our Investment Banking Course. We also cover all technical and qualitative information you need to get a top investment banking offer.
Selected Transaction
Credit Suisse operates its large business across all traditional industries. An example of deal it worked on was the advisory to private investment firm Clearlake on its acquisition of protective packaging provider Intertape Polymer Group.
Transaction Description: Clearlake Capital Group, L.P. entered into a definitive agreement to acquire Intertape Polymer Group Inc. (TSE:ITP) from individual shareholders and others.
Transaction Value: US$2.6B, all cash
Transaction Date: Completed June 2022
Fact Sheet
Company Name: Credit Suisse
Description: Credit Suisse Group AG is a global investment bank and financial services firm providing services in investment banking, private banking, asset management, and shared services
Bank Category: Bulge Bracket
Ticker: NYSE:CS and SWX:CSGN
Founded: 1856
Employees: 50,000
Chief Executive Officer: Ulrich Körner
Headquarters: Zurich, Switzerland
Resources
Based on the H1B Database, the average base salary for an Analyst at Credit Suisse is $100k - $105k.