Credit Suisse opens branch in Riyadh

Riyadh – Mubasher: Credit Suisse has inaugurated its branch in Riyadh to promote wealth management services in Saudi Arabia, according to a press release on Monday.

The new branch will enable its clients in Saudi Arabia to benefit from an extended wealth management offering, including lending services and foreign exchange and treasury products, and local and international trading capabilities.

Majid A. Al Gwaiz will act as CEO of the Credit Suisse AG branch in Riyadh, providing local solutions to high-net-worth and ultra-high-net-worth clients, family-owned companies, government entities, and Saudi companies.

Credit Suisse has been operating in the Middle East since 1967 and in Saudi Arabia since 2005. 

The CEO of Middle East and North Africa at Credit Suisse, Bruno Daher, said: "Under Majid’s leadership, we look forward to building on and enhancing our current market position while providing an integrated banking experience for our high net worth individuals and institutional clients in Saudi Arabia."