Credit Suisse was named the best private bank in Lebanon by Euromoney magazine, a leading publication for the global banking and capital markets. Credit Suisse received further country awards, including for being the best private bank in the United Arab Emirates and in Egypt, and was also recognized as the best private bank the Middle East region and globally. The accolades are based on the results of Euromoney’s Private Banking Survey 2011.
Fady Eid, Chairman / General Manager of Credit Suisse in Lebanon, said: “We are delighted to have been named the best private bank in Lebanon. Beirut has a special significance for Credit Suisse because it was here that we established our first foothold in the Middle East more than forty years ago. Our business model is based on being a reliable partner to our clients; we are able to achieve this thanks to the solidity of our financial institution, the quality of our advice and the trust we have gained among our clients.”
Bruno Daher, Co-Chief Executive Officer of Credit Suisse in the Middle East and Head of Private Banking in the region, said: “These awards are a testament to the strength of our integrated banking business and our commitment to the Middle East. They underscore the knowledge, experience and expertise we have built up in this region, as well as our role as a trusted financial partner to our clients. Credit Suisse has a long history in the Middle East, one of our key growth markets.”
Credit Suisse is highly committed to the Middle East region, where it has been active for more than four decades. It has significantly expanded its presence throughout the region, serving clients across private banking, investment banking and asset management. Credit Suisse has offices in Abu Dhabi, Beirut, Cairo, Doha, Dubai, Jeddah, Manama and Riyadh.
Commenting on the global award, Walter Berchtold, Chief Executive Officer Private Banking Credit Suisse, said: “We are proud to have won these prestigious awards, which recognize the strength of our integrated banking business, our global reach and our first-class investment advice and expertise. We are particularly pleased to have maintained the top ranking globally for the second year running in a survey that includes our peers’ opinions of the best providers in the private banking industry. This achievement underscores the benefit we have brought to our clients by executing our strategy consistently over many years. We will focus on remaining a trusted financial partner to our clients. We believe that our Private Banking business is poised to capture the attractive growth opportunities that exist in the market thanks to our disciplined investment in our global footprint, our people, our platforms and our comprehensive product and service offering.”
The annual Euromoney rankings are derived from a qualitative and quantitative review of the best services in private banking by markets and by areas of service. The survey includes competitors’ perceptions of the best-performing providers in defined categories.