Credit Suisse Disposal Plans Gain Pace as Revamp Clock Ticks (1)

Credit Suisse Group AG is exploring a sale of its US asset-management operations and moving closer to securing financing for other businesses, as it nears a strategy revamp that’s likely to fundamentally reshape it.

The Swiss bank has recently begun a sales process for the US operations of Credit Suisse Asset Management, or CSAM, according to people familiar with the matter. No final decision has been made and Credit Suisse could opt to hold onto the unit, the people said, asking for anonymity to discuss internal considerations.

Abu Dhabi and Saudi Arabia, meanwhile, are separately weighing whether to put money ...