Credit Suisse is still unsure of how it will restructure its CSFB private client business under its current reorganization efforts. A sp...

Credit Suisse is still unsure of how it will restructure its CSFB private client business under its current reorganization efforts.

A spokesman for the bank told WealthBriefing that the final decision of where the private client division of CSFB will fit under the current reorganization has yet to be taken.

“It’s still unsure, although we are likely to make a decision on this soon,” said the spokesman. It is likely to be merged with either private banking or the asset management parts of the business.

The Swiss bank announced last December a major restructuring of the bank’s businesses under an integrated banking structure. Credit Suisse said the process would take up to two years.

CSFB private clients business is predominately based in the US, where it has a major slice of the private client stock broking business. In 2004, according to the annual Barrons survey on the private client market in the US, CSFB ranked 17th in the US in terms of assets under management with $58.3 billion under management.