Company detailsCompany name: Credit Suisse Group AGCompany country: SwitzerlandNumber of employees: 46840Sector: K - Financial and insurance activitiesSector detail: K64 - Financial service activities, except insurance and pension fundingSub-sectors: K64.1 - Monetary intermediation Reshoring detailsReshoring announcement date: 27/06/2018Reshored to: United KingdomLocation of affected unit(s): LondonLocation code: UK1Reshored services/activities: Analytical activitiesReshoring governance mode: In house (in own facilities)Estimated job gains: 1Reasons for reshoring: Business strategyCase narrative: Swiss bank Credit Suisse decided to close the department in charge of analytical activities located in Moscow (Russia) and to relocate services offered to Russian customers in the London hub. The British hub also offers its services to customers in Europe, Middle East and Africa. The company maintained the decision is part of the company project to focus on the management of wealthy clients' assets, and will not effect the range of services offered to the Russian customers. As a consequence of the relocation, only one employee will be transferred from Moscow to London. Sources: Finanz.ru 27/06/2018 Romandie 02/07/2018 Sources link: https://www.finanz.ru/novosti/aktsii/Credit-Suisse-zakryvaet-otdel-anali... https://www.romandie.com/news/Credit-Suisse-transf-re-Londres-son-servic... Offshoring detailsOffshoring location: RussiaOffshoring governance mode: In house (in own facilities)Host country geographical area: Former Russia and non EU Eastern Europe countries
