ZURICH- Around 4% of the assets Credit Suisse manages in wealth management belong to Russian clients, Chief Executive Thomas Gottstein said on Tuesday.

"We have roughly 4% of our assets under management in wealth management with Russian clients, (either) Russian-domiciled or Russian nationals who live in the West," Gottstein said at the Morgan Stanley Conference in London.

Credit Suisse last week detailed a gross credit exposure of 1.569 billion Swiss francs ($1.69 billion) to Russia at end-2021, which Gottstein said had been "reduced materially" by the end of February.

The bank had not previously detailed the amount of assets it manages for Russian clients.

(Reporting by Brenna Hughes Neghaiwi)