Credit Suisse has launched a global digital private banking platform app for investors in Asia Pacific, with Singapore the first issue location. The launch is part of a planned expansion of the bank’s enhanced investor access to portfolio analytics, research and market data, collaboration and transaction services including trading in structured products and exchange-traded funds (ETFs), starting in Asia Pacific.
The new private banking platform complements Spirit Asia, the Swiss bank’s Asia-focused electronic trading platform for structured products which was launched in 2010 and covers equity-linked structured notes, plain vanilla and knockout equity-linked notes, accumulators as well as range and fixed coupon notes.
Credit Suisse has over 230 live traditional non-flow structured products across markets in the Asia Pacific region, according to SRP data. The Swiss bank is also a leading provider in equity-linked flow structured products and launched the first ever call warrants linked to the Alibaba share in Hong Kong earlier this month. The bank is also a leading counterparty provider in Japan, with eight products on offer sold by Monex Securities, IwaiCosmo Securioties, Chugin Securities, 82 Securities and Imamura Securities.
The main features of the app include My Portfolios (at-a-glance overviews of portfolio valuations and performance liquidity and available funds to invest in, asset and currency allocations, income and expenditure, and histories of transactions and cash activities); watchlist (a functionality that helps clients monitor their selected instruments across-asset classes and access related Credit Suisse research as well as third-party sourced indicators); and markets (an overview of global and regional markets news, major indices and company information, as well as latest global asset classes performances across currencies, bonds and commodities).
In addition, the new app also offers access to the library of Credit Suisse investment strategy and research publications; a built-in suite of collaboration tools that facilitate connections between clients and the Credit Suisse team, including instant messaging, audio and video call, screen and document sharing and document annotations; and trading in securities (equity-linked, exchnage-traded funds and real estate investment trusts) and spot foreign exchange.
Initially available on iPads, access will be extended to other devices, including the iPhone, web browsers, and devices operating Google Android. It will also be rolled out progressively to clients in Singapore and across Asia Pacific.
The bank has plans to roll out its digital private banking platform in other regions, including the US, Switzerland and Europe, throughout this year and next.
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