The newly formed Impact, Advisory and Finance unit will fund products or services that benefit societies as well as supporting the bank's philanthropic advisory services.
Switzerland-based banking group Credit Suisse will establish an impact investment division to back companies developing products or services that are beneficial to society, Reuters reported yesterday.
The formation of the unit, dubbed Impact, Advisory and Finance (IAF), was announced by Tidjane Thiam, chief executive of the bank, in an internal memo seen by Reuters.
Thiam said: “The IAF department will report to me and will direct, coordinate and facilitate activities across the bank which lead to impact investing and support…
