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Strategic partnership between Credit Suisse and HSG
Strategic partnership with Credit Suisse
In March 2021, Credit Suisse and the University of St.Gallen entered into a strategic partnership which covers three funding areas. Within the scope of this partnership, Credit Suisse will contribute CHF 20 m during the coming ten years.
One focal point of the partnership is the development of know-how at the interface between finance, management and law. For this purpose, the University of St.Gallen is setting up the HSG Center for Financial Services Innovation and is establishing new interdisciplinary fields of research. With initial funds amounting to CHF 10m, Credit Suisse enables the Center to be launched and several professorships to be created. It will also become the founding and strategic partner of the HSG Center for Financial Services Innovation for the coming ten years.
Additionally, Credit Suisse is supporting the construction of the HSG Learning Center with a donation of CHF 3m to the HSG Foundation. The HSG Learning Center will be opened in February 2022 and will become an innovative place of thought and work which enables new ways of learning and interaction between students, teachers and practitioners. Above and beyond this, Credit Suisse and the University of St.Gallen have agreed on a variety of cooperative activities. Among other things, Credit Suisse will become the HSG Campus Bank, provide the name for a co-creation space in the HSG Learning Center and become a partner of various campus and HSG activities such as workshops and lectures for students concerning career planning and competence development, as well as specialist issues in the field of financial service provision. All in all, CHF 7m will be invested in different cooperative activities in the course of the ten-year contract term.
HSG Center for Financial Services Innovation
In the context of the new HSG Center for Financial Services Innovation, the University of St.Gallen is investing in the development of trailblazing know-how at the interfaces between finance, management and law. With the establishment of chairs in this field, HSG wants to advance research and teaching in the significant field of financial market innovations. Thanks to such third-party funds, the University of St.Gallen is able to conduct top international research and teaching in seminal fields. The objectives of the newly established Center are:
• An increase of scientific excellence in the field of finance and financial innovation, as well as promotion of the
HSG's positioning in impact-oriented top-notch research in innovative areas from the field of financial market and financial services.
• Newly created professorships will be affiliated to the Center and, by pooling resources and networking, will attain profile-building results in current interdisciplinary questions in a field that extends to digital ecosystem and platform economies, entrepreneurship, financial market regulation, FinTech, sustainable finance and private markets. This will be done with the inclusion of the insurance sector.
• Optimisation of the education of HSG students in topical issues of the financial industry and enlargement of
When it comes to partnerships, the University of St.Gallen relies on long-term agreements.
the pool of qualified graduates as future executives in the financial industry.
• An extension of cooperation between the University and the world of practice with regard to issues with a particular significance for the financial industry. years. It is intended that further partners for the Center should be found besides Credit Suisse.
When it comes to partnerships, the University of St.Gallen relies on longterm agreements in innovative and future-oriented fields of research. The freedom of research and teaching must be guaranteed in every case, as of course is also stipulated in the agreements with Credit Suisse. In this respect, the University of St.Gallen abides by the provisions of the University of St.Gallen Act and the University Statutes, as well as the intramural ordinances concerning the “Fundamental principles of self-financing” and the “Information and disclosure guidelines” .
