Credit Suisse is now part of UBS.
UBS completed the acquisition of Credit Suisse on 12 June 2023. Singapore operations have been integrated. For active private-banking enquiries, see UBS Wealth Management Singapore →
Credit Suisse Singapore
Integrated into UBS · June 2023
The combined UBS-Credit Suisse entity is the largest non-Asian private bank in Singapore by AUM. Migration of Credit Suisse client accounts onto UBS systems was phased through 2024–2025.
What happened
On 19 March 2023, UBS announced the acquisition of Credit Suisse Group AG in a Swiss-government-brokered transaction following Credit Suisse's loss of client confidence. The deal closed on 12 June 2023, creating a Swiss wealth-management entity with roughly USD 5 trillion in invested assets globally.
In Singapore, both banks operated overlapping private-banking franchises out of Marina Bay. The combined entity inherits Credit Suisse's deep Asian wealth franchise — historically strong in Greater China entrepreneurs and structured-product clients — alongside UBS's existing Asia-Pacific wealth-management hub. The Singapore branch is the largest non-Asian PB operator in Singapore by AUM.
Client-account migration onto UBS systems was phased market-by-market through 2024–2025, with Singapore in scope. Account numbers, relationship-manager coverage, and product platforms have changed for migrated clients.
Implications by client type
Existing Credit Suisse clients
Account migration is complete or in progress depending on relationship. Affected clients should have received written notice with new account details and RM contact. For active enquiries → UBS Wealth Management Singapore.
Clients prioritising pure-play Swiss
UBS is now Switzerland's only globally significant universal bank. Clients who prefer a Swiss pure-play structure may consider Julius Baer, Pictet, Lombard Odier, or EFG.
Entrepreneurs (CS specialty)
Credit Suisse's traditional founder/entrepreneur specialism has been absorbed into UBS Global Wealth Management. Singapore entrepreneurs may also look at the UHNW US peers — JP Morgan PB, Citi PB, Goldman PWM, Morgan Stanley PWM.
RM movement
A material share of CS Singapore RMs and senior personnel were retained at UBS. Public reporting (Reuters, FT, Bloomberg 2023–2024) tracked individual moves to Julius Baer, Bank of Singapore, EFG, and others during the transition.
Public RM moves 2023–2025
Press-reported moves of senior Credit Suisse Singapore relationship managers during the integration period. All figures and moves sourced from Reuters, Bloomberg, Financial Times, and Asian Private Banker public reporting; we do not editorialise individual performance. For the regulatory record of any named individual, see our people directory.
| Period | Receiving bank | Public reporting on volume / context |
|---|---|---|
| Mar–Jun 2023 | Julius Baer | Multiple senior CS Asia RMs and structured-products specialists. Public reports cited 20+ moves by mid-2023. |
| Apr–Sep 2023 | Bank of Singapore | Targeted Greater China + ASEAN RM hires from CS Asia franchise. Largest single competitor beneficiary by team count per public reporting. |
| May–Dec 2023 | EFG Bank | Multi-team senior RM hires across HK + Singapore booking. Public press tracked an entrepreneur-focused team move. |
| Jun 2023–early 2024 | JP Morgan Private Bank / Citi Private Bank | Senior UHNW-tier moves into both US-headquartered PBs. Smaller numerical volume but high-AUM relationships. |
| 2024 | DBS Private Bank | Continued senior hires; DBS PB grew SG-domestic franchise in part via CS-legacy RM additions. |
| 2024–2025 | Pictet / Lombard Odier | Selective senior hires of relationship-led RMs into partnership-owned pure-plays. Lower volume; deliberate quality bar. |
| Sustained 2023–2025 | UBS (retained) | UBS retained a material share of senior CS Asia personnel. Exact retention rate not publicly disclosed; press reporting suggested >60% of senior CS Asia RMs remained with UBS post-integration. |
Movement summary based on Reuters, Bloomberg, Financial Times, Asian Private Banker, and Hubbis public reporting 2023–2025. Verify any named individual via the MAS Representatives Register before outreach.
Regulatory status
The MAS Financial Institutions Directory still shows Credit Suisse Singapore Limited as a registered entity during the wind-down period. Operating activity has migrated to UBS AG, Singapore Branch. For the regulatory record and Key Personnel filings, see our directory entry at /firms/credit-suisse-singapore-limited.
For the combined entity going forward, see /firms/ubs-ag and the consumer-facing UBS Private Banking Singapore page.
For active private-banking enquiries
UBS Wealth Management is now the active relationship for former Credit Suisse clients and prospective new clients in the same segment.
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