Credit Suisse’s private banking arm continued to rake in billions of Swiss francs in new assets in the third quarter, particularly in wealth management, although its asset management unit suffered Sfr16.5bn (€11bn) in net outflows over the same period.

The Swiss bank was the chief winner among private banks in the first half of the year as investors poured cash into private banks, attracting Sfr28.5bn in net inflows according to Financial News' sister publication Wealth Bulletin. The bank maintained the pace in the third quarter by scooping a further Sfr14.5bn in net new assets.