Zurich-based Credit Suisse is transferring some clients to a local wealth manager as it streamlines its business in the region.
In Mexico, the Swiss bank is transferring its clients with predominantly domestic needs along with a team of relationship managers to Actinver, as it focuses more on its clients with global needs, it said in an emailed statement Wednesday.
As part of the agreement, Credit Suisse Mexico will also transfer the local custody and execution business of its advisory clients to Actinver over the course of the year, the statement added.
The agreement is subject to regulatory approvals.
Domestic Needs
«Jointly we will offer our clients the best of both platforms. Clients with predominantly domestic needs will benefit from a broader suite of local solutions and services provided by Actinver,» Nicolas Troillet, CEO Credit Suisse Mexico, said in the statement.
«This strategic alliance effectively positions us to attract new clients and reinforces our commitment to offer quality investment alternatives to our clients,» Héctor Madero, CEO of Actinver, added.
