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Credit Suisse to outsource procurement services

by Mike Robinson

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© Reuters. FILE PHOTO – A man walks into the Credit Suisse office in Manhattan, New York City on July 5, 2016. REUTERS/Brendan McDermid

ZURICH (Reuters). Credit Suisse (SIX) The bank announced in an internal memo that it is outsourcing its procurement of goods to Chain IQ, a specialist provider for services and products. This will help reduce costs.

The bank’s head for procurement Daniel Helmig stated that roughly half of its procurement staff would be transferred to Chain IQ in this process. This was part of an agreement aimed at “generating significant financial advantages over the next years”.

An official confirmed that the content was correct.

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