Credit Suisse named best private bank in Middle East by Euromoney Magazine

Press release

Published February 8th, 2011 - 01:10 GMT

Bruno Daher, Co-Chief Executive Officer of Credit Suisse in the Middle East

Credit Suisse was named the best private bank in the Middle East region by Euromoney magazine, a leading publication for the global banking and capital markets. Credit Suisse received further awards, including for being the best private bank in the United Arab Emirates, in Lebanon, Egypt and globally. The accolades are based on the results of Euromoney’s Private Banking Survey 2011.

Bruno Daher, Co-Chief Executive Officer of Credit Suisse in the Middle East and Head of Private Banking in the region, said: “These awards are a testament to the strength of our integrated banking business and our commitment to the Middle East. They underscore the knowledge, experience and expertise we have built up in this region, as well as our role as a trusted financial partner to our clients. Credit Suisse has a long history in the Middle East, one of our key growth markets.”

Credit Suisse is highly committed to the Middle East region, where it has been active for more than four decades. It has significantly expanded its presence throughout the region, serving clients across private banking, investment banking and asset management. Credit Suisse has offices in Abu Dhabi, Beirut, Cairo, Doha, Dubai, Jeddah, Manama and Riyadh.

Commenting on the global award, Walter Berchtold, Chief Executive Officer Private Banking Credit Suisse, said: “We are proud to have won these prestigious awards, which recognize the strength of our integrated banking business, our global reach and our first-class investment advice and expertise. We are particularly pleased to have maintained the top ranking globally for the second year running in a survey that includes our peers’ opinions of the best providers in the private banking industry. This achievement underscores the benefit we have brought to our clients by executing our strategy consistently over many years. We will focus on remaining a trusted financial partner to our clients. We believe that our Private Banking business is poised to capture the attractive growth opportunities that exist in the market thanks to our disciplined investment in our global footprint, our people, our platforms and our comprehensive product and service offering.”

The annual Euromoney rankings are derived from a qualitative and quantitative review of the best services in private banking by markets and by areas of service. The survey includes competitors’ perceptions of the best-performing providers in defined categories.

Background Information

Credit Suisse

Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management.

Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide.

The group employs approximately 50,500 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York.