Credit Suisse to grow in Qatar through cooperation with IPA
The move comes as Credit Suisse contemplates slashing 5,000 employees, or roughly one out of every ten, as part of a cost-cutting push at Switzerland's second-largest bank.
According to the statement, Credit Suisse is active in more than 50 countries and has been working in Qatar since 2006 through the Qatar Financial Centre platform.
Feyisayo Ajayi
1 min read
Credit Suisse stated on Monday that it will grow in Qatar through cooperation with the Gulf country’s Investment Promotion Agency (IPA Qatar).
The move comes as Credit Suisse contemplates slashing 5,000 employees, or roughly one out of every ten, as part of a cost-cutting push at Switzerland’s second-largest bank.
According to the statement, Credit Suisse is active in more than 50 countries and has been working in Qatar since 2006 through the Qatar Financial Centre platform.
Qatar has been attempting to diversify its economy by expanding its banking sector, which it claims is now second in importance only to the oil industry.
