
Investments
9Portfolio Exits
4
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Latest Clariden Leu News
Jun 20, 2023
Credit Suisse cuts costs with Clariden Leu sale Credit Suisse is to sell Clariden Leus UK operations to Falcon Private Bank less than a year after fully integrating the subsidiarys parent back into Credit Suisse Group. Credit Suisse is to sell Clariden Leu’s UK operations to Falcon Private Bank less than a year after fully integrating the subsidiary’s parent back into Credit Suisse Group. The sale is the latest example of the Swiss bank’s push to save CHF200m ($218m) annually and increase the private bank’s contribution to the group’s pre-tax income by CHF800m by 2014. Recommended Reports It is also rumoured Credit Suisse could merge its asset management unit with its private and investment banking divisions to cut costs. London-based Clariden Leu (Europe), a wholly owned subsidiary of Credit Suisse, offers wealth and asset management services to private clients in Eastern Europe, Middle East and Africa and other emerging markets. CHF2bn AUM Clariden Leu (formerly Clariden Leu Asset Management UK) has assets under management (AuM) of more than CHF2bn to 31 August, 2012, with 57 employees, including 22 relationship managers and 1o investment professionals. The purchase price for the transaction, which is subject to regulatory approval, has not been disclosed. Clariden integration "proactive step" Credit Suisse fully integrated Clariden Leu private bank back into its group in November 2011 to aid its cost reduction efforts. During a presentation at Barclays Global Financial Services Conference in September this year, Credit Suisse’s chief financial officer David Mathers said that Clariden Leu’s integration was a "proactive step to enhance profitability amongst secular trends", with an annual pre-tax income improvement of CHF125m targeted. Credit Suisse hits cost reduction target Mathers also confirmed Credit Suisse will hit its target of CHF200m in expense reduction in its private banking division by the end of 2012. The Swiss bank’s internal scheme of cost cutting will also involve staff cuts, with a planned 3% reduction over two years representing about 3,500 staff across the group. Specialising in asset management for high net worth private clients and families, Falcon Private Bank is owned by Aabar Investments, a global investment company almost wholly owned by the Government of Abu Dhabi.
Clariden Leu Investments
9 Investments
Clariden Leu has made 9 investments. Their latest investment was in Zalicus as part of their PIPE on March 3, 2006.

Clariden Leu Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
3/17/2006 | PIPE | Zalicus | $48M | Yes | Abingworth, American International Group, AWM Investment Company, BAM Elevate, Bass Companies, Clariden Leu, Domain Associates, DWS Investments, Fort Mason Capital, Integral Capital Partners, Kamunting Street Capital Management, Millennium Management, ProMed Capital, QVT Financial, SF Capital Group, Soros Fund Management, Steeple Capital, T. Rowe Price, TD Asset Management, TD Capital, TowerBrook Capital Partners, UBS, and Visium Asset Management | |
8/20/2004 | Series B | |||||
5/17/2004 | Unattributed VC - II | |||||
3/24/2004 | Unattributed VC - IV | |||||
1/16/2004 | PIPE - II |
Date | 3/17/2006 | 8/20/2004 | 5/17/2004 | 3/24/2004 | 1/16/2004 |
---|---|---|---|---|---|
Round | PIPE | Series B | Unattributed VC - II | Unattributed VC - IV | PIPE - II |
Company | Zalicus | ||||
Amount | $48M | ||||
New? | Yes | ||||
Co-Investors | Abingworth, American International Group, AWM Investment Company, BAM Elevate, Bass Companies, Clariden Leu, Domain Associates, DWS Investments, Fort Mason Capital, Integral Capital Partners, Kamunting Street Capital Management, Millennium Management, ProMed Capital, QVT Financial, SF Capital Group, Soros Fund Management, Steeple Capital, T. Rowe Price, TD Asset Management, TD Capital, TowerBrook Capital Partners, UBS, and Visium Asset Management | ||||
Sources |
Clariden Leu Portfolio Exits
4 Portfolio Exits
Clariden Leu has 4 portfolio exits. Their latest portfolio exit was Zalicus on May 16, 2014.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
5/16/2014 | Acq - P2P | 1 | |||
Date | 5/16/2014 | |||
---|---|---|---|---|
Exit | Acq - P2P | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 1 |
Clariden Leu Team
1 Team Member
Clariden Leu has 1 team member, including current Chief Executive Officer, F. Bernard Stalder.
Name | Work History | Title | Status |
---|---|---|---|
F. Bernard Stalder | Chief Executive Officer | Current |
Name | F. Bernard Stalder |
---|---|
Work History | |
Title | Chief Executive Officer |
Status | Current |