Credit Suisse Group's (CS) private banking head Tuesday said the bank continues to look at potential private banking deals.

"Clearly, we are out there," Walter Berchtold told investors at an event in Zurich.

Berchtold runs the Zurich-based firm's private bank, which provides financial services for wealthy individuals.

Acquisitions would have to fit Credit Suisse's compliance standards and make financial sense, Berchtold said.

Company Web site: http://www.creditsuisse.com

-By Katharina Bart, Dow Jones Newswires; +41 43 443 8043; katharina.bart@dowjones.com