Credit Suisse chooses Target Loan Servicing again to manage fixed term deposit portfolio

Target took over the account management of this deposit portfolio within just 8 weeks.

John-Paul Booth, Managing Director, at Credit Suisse commented
“Flexibility and credibility were key considerations for Credit Suisse when selecting our servicing partner. Target Loan Servicing has the specialist skills and expertise needed to manage our investment portfolio. As Credit Suisse Group is an existing client of Target Loan Servicing they were the obvious choice for our business.”

Target Loan Servicing will provide full account administration, customer servicing and manage all redemptions for the Credit Suisse fixed term deposit portfolio. In addition to processing early surrenders, redemptions on maturity, complaints handling, valuations and annual statements, Target will also perform regular compliance monitoring and audit activity.

Commenting on this new contract win, James Snow, CEO of Target Loan Servicing said
“Target is already very familiar with Credit Suisse’s reporting and compliance requirements. The expertise at our state-of-the-art customer management centre and high calibre team of investment and loan servicing specialists will ensure excellent customer service for Credit Suisse.”