Rudolf Bohli, founder & CEO of RBR Capital Advisors, has successfully run long short European equity strategies for over 15 years. In 2014 RBR Capital started to extend its activities into shareholder activism. The first three campaigns produced a net return +164% (CAGR of 37%) over the last three years. In their latest campaign RBR Capital proposes to digitalize the wealth management business of Credit Suisse. Rudolf is convince that the timing is right to revolutionize the banking system. Rudi expects that a first mover will be able to take a significant share of the 4trn market cap banking sector. Prior to founding RBR Capital, Rudolf was head of research at a leading boutique broker.
"RBR is convinced that the banking sector is ready for digital disruption. Fintech companies have the latest technology but are lacking the customer franchise and world class brand", states Rudi Bohli, Founder & CEO of RBR Capital Advisors.
RBR has singled out Credit Suisse as the ideal candidate to transform the banking industry. Credit Suisse is under- performing but has a world class brand and could be become a digital leader if they left their IT legacy behind and invested in the latest technology.
RBR announced a strategic plan to dismantle the complex and costly conglomerate business into three focused companies (see attached presentation): 1) a leading independent investment bank a 2) a world leading wealth management business and 3) a leading Swiss asset manager. The plan calls for a radical digitalization of the wealth management business which would crystalize the largest part of the share price uplift. In order to realize this plan RBR has publicly announced to raise additional capital of up to CHF 5bn (up to 10% of Credit Suisse share capital).
(For more information click photo to the left with date)