Clariden Leu is a Swiss private bank

Private bank

Private banks are banks that are not incorporated. A private bank is owned by either an individual or a general partner with limited partner...

 based in Zurich

Zürich

Zurich is the largest city in Switzerland and the capital of the canton of Zurich. It is located in central Switzerland at the northwestern tip of Lake Zurich...

, Switzerland

Switzerland

Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....

. Following the merger of the four Credit Suisse

Credit Suisse

The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...

private banks: Clariden Bank, Bank Leu, Bank Hofmann, and BGP Banca di Gestione Patrimoniale together with the securities dealer Credit Suisse Fides on January 26, 2007, Clariden Leu is one of the largest private banks in Switzerland.

Clariden Leu, which managed 96 billion francs in assets at the end of 2010, saw clients withdraw a net 1.1 billion francs over the past two years. That compares with Credit Suisse’s targets for its private banking business as a whole to add at least 6 percent of assets under management in net new money annually. Clariden Leu posted pretax earnings of 260 million francs last year on revenue of 1.07 billion francs.