Positive market performance in the third quarter helped boost assets under management at Credit Suisse’s private bank to the highest level since 2007, marking a bright spot in a quarter analysts deemed otherwise “disappointing”.

Assets rose 3.6% quarter on quarter to Sfr1.02 trillion ($1.09 trillion) at the end of September, according to the Swiss bank's results published on Thursday. This was the result of positive market movements and Sfr5.2bn in net inflows, primarily from emerging markets and ultra high-net worth clients.