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Media release Zurich , November 4 , 2021 CREDIT SUISSE Ad hoc announcement pursuant to article 53 LR Credit Suisse announces its Group strategy with a clear focus on strengthening , simplifying and investing for growth Page 1/9 Zurich , November 4 , 2021- Credit Suisse announces its Group strategy with a clear focus on strengthening and simplifying its integrated model and investing in sustainable growth , while placing risk management at the very core of the bank . Following a comprehensive assessment of its strategy , the Credit Suisse Group Board of Directors ( BOD ) has unanimously agreed on a long - term strategic direction for the Group . The strategy is based on a long - term vision and reemphasizes the integrated model , with a well - defined three - year plan , investing in sustainable growth across Credit Suisse's businesses , while placing risk management and a culture that reinforces the importance of accountability and responsibility at its core . It has also approved the introduction of a global business and regional structure to align the organization with the strategy review and to reinforce cross - divisional collaboration and management oversight . Work in this direction has already begun as we strengthened our risk management and capitalization , and de - risked the bank while increasing the investment in our core businesses . Over the next three years , the bank aims to drive sustainable growth and economic profit driven by three key pillars : Strengthening its core by deploying CHF -3 billion of capital to the Wealth Management division by 2024 and increasing the ratio of capital allocated to Wealth Management , the Swiss Bank and Asset Management versus the Investment Bank from 1.5x in 2020 to -2.0x in 2022 . Simplifying its operating model with a clear matrix organization of global businesses and regions , and a unified , global Wealth Management division , a global Investment Bank , and a central Technology and Operations function , which , together with other measures , is expected to generate structural cost savin to invest for growth . Investing for growth with incremental investments progressively increasing from 2022 to 2024 to approximately CHF 1-1.5 billion p.a. in all four divisions , namely in our leading global Wealth Management business ; global Investment Bank focused on advisory and solutions ; leading Swiss universal banking franchise ; as well as multi - specialist Asset Manager . António Horta - Osório , Chairman of the Board of Directors , said : " Over the past months , the Board of Directors and the Executive Board have been working together relentlessly on shaping the strategy that will serve as our compass going forward . The measures announced today provide the framework for a much stronger , more client - centric bank with leading businesses and regional franchises . Risk management will be at the core of our actions , helping to foster a culture that reinforces the importance of accountability and responsibility . We will invest to grow our topline by shifting approximately CHF 3 billion of capital to our wealth management business and through additional technology and other investments amounting to around CHF 1 to 1.5 billion per year by 2024 , funded by expected BAU cost savings . This should enable us to achieve sustainable growth together with substantially lower risk and to deliver lasting value for all our key stakeholders clients , investors , colleagues and society . With our 165 - year heritage of superior client service and integrated approach , Credit Suisse is well positioned to build on the strengths of its great people and operating businesses . "