Credit Suisse managed to grow net new assets in its wealth unit by SFr9bn in the first quarter of 2008, with strong inflows recorded in most of the regions the Swiss bank operates from.

Inflows were up from the SFr2bn achieved in the last quarter of 2008, which analysts' rate as one of the toughest quarters in wealth management for years due to the wealthy moving quickly to deleverage in the wake of the Lehman Brothers collapse.