Credit Suisse (Luxembourg) SA

Credit Suisse (Luxembourg) S.A. is a Luxembourg-incorporated credit institution focused on private banking and wealth management for high-net-worth and ultra-high-net-worth clients, operating as an EU booking center and, since 2023, part of UBS Group following the takeover of Credit Suisse. The bank provides investment advisory and discretionary portfolio management, custody and safekeeping of assets, multicurrency cash accounts and payments, access to funds and structured products subject to suitability rules, and credit solutions such as Lombard lending; wealth planning and specialized capabilities are delivered with group affiliates where applicable. It is authorized and supervised by the Commission de Surveillance du Secteur Financier (CSSF) and operates under the EU Single Supervisory Mechanism framework, adhering to CRR/CRD, MiFID II, PSD2, AML/CTF, GDPR, and other relevant regulations. Eligible deposits are covered by the Luxembourg deposit guarantee scheme (Fonds de garantie des dépôts Luxembourg) up to EUR 100,000 per depositor per bank, with specific conditions for any temporary high-balance protections under Luxembourg law; eligible investment claims fall under the investor compensation scheme (SIIL) up to EUR 20,000, with exclusions and limits defined by statute. Onboarding involves standard EU KYC/AML documentation and tax self-certification (e.g., FATCA/CRS); the client base and service model imply comparatively high entry thresholds and bespoke pricing, with fees typically including asset-based management charges, custody fees, and transaction costs disclosed in mandate documents. Services are delivered through relationship managers, e-banking, and reporting tools, without a retail branch model. As integration into UBS progresses, clients should expect potential changes to product shelves, booking arrangements, and documentation, and should rely on official communications from the institution for any migration or rebranding steps.