Family Office
Credit Suisse plans midwestern private-bank office
Swiss bank names ex-Bank of America private banker to run new
Ill. location. Credit Suisse plans to open a Private Banking
USAoffice in Northbrook, Ill., this December. The Zurich-based
bank says the move -- pretty obviously -- is meant to extend its
private-banking services to high-net-worth individuals in the
region.
Profitable
Credit Suisse plans to make Chris Williams, who joined its
Private Banking USA group from the Private Bank of Bank of
America earlier this year, head of the new suburban Chicago
office.
"We are delighted to come to Northbrook and we are committed to
establishing and growing our presence on the North Shore," says
Peter Skoglund, head of Private Banking USA's central region. He
goes on to describe Williams as "a first class talent with the
proven ability to grow profitable wealth-management
franchises."
Williams was head of Private Bank of Bank of America's Chicago
and upper Midwest regions. Over a 25-year wealth management
career, he has also led business units at Morgan Stanley and
Smith Barney.
Credit Suisse has 13 Private Banking USA offices in the U.S. In
addition to the new Chicago-area office, Credit Suisse plans to
open new offices in Greenwich, Conn., and Philadelphia before
this year is out. -FWR
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