GLOBAL - Credit Suisse Group had a record net income of CHF7.2bn (US$6.2bn) for the first nine months of 2007, however, its asset management division suffered a sharp decline of assets under management (AuM).
According to its third quarter results, as of 30 September 2007, AuM totalled CHF714.1bn ($12.6bn), a decrease of 4.7% from 30 June 2007, the decline in AuM reflected market conditions and outflows...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
