Credit Suisse Saudi Arabia · Riyadh Saudi Arabia
Company Description
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This link will open in a new window Combine the Swiss tradition of banking with the Saudi Arabian desire for a regional investment bank and you get Credit Suisse Saudi Arabia. The company provides Credit Suisse brokerage services for Saudi securities. The parent divides its offerings into private banking, investment banking, and asset management. The Saudi operations fall under the investment banking umbrella and include bank accounts in addition to brokerage services. Clients can access accounts and confirm transactions online, by phone, and by text message. Credit Suisse Saudi Arabia was formed in 2005 as Saudi Swiss Securities following a few years of booming investment activity in the Middle East. To read the full description, subscribe now.
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Key Credit Suisse Saudi Arabia Financials
| Company Type | Subsidiary Single Location |
| Fiscal Year-End | December |
| Employees | 20 |
Credit Suisse Saudi Arabia Executives
9 executives listed for Credit Suisse Saudi Arabia's Riyadh, location.
| Title | Name & Bio | Contact |
| Chairman | Saleh bin AbdulAziz AlOmair | Network |
| Managing Director and CEO | Bassam Yammine | Network |
| Director | Sabah bin Hamad Al-Sabah Al-Binali | Network |
Competition
Competitive Landscape for Credit Suisse Saudi Arabia
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Credit Suisse Saudi Arabia Competitors
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